According to conservatives, the economy still sucked in 2016. Why would you expect Obama to shrink the deficit even further under such awful economic times?
If thatâs what you think maybe just donât come into the thread? I disagree with the entire premise of your statement here. Just because you think its that way, doesnât mean it is. If thereâs a familiar theme itâs because the left continues to have the same agenda no matter the subject.
Building supply prices arenât inflating from monetary supply expansion. Thatâs cost coverage from plant capacity being damaged by covid. Treated lumber and wood products plants are as densely packed as poultry plants, and staffed by the same kinds of people.
You know itâs funnyâŚif more people did understand how the economy worked, they wouldnât have had nearly as much trouble scoring bargains during the pandemic when it first began.
I was fortunate to have a friend whose previous job entailed developing AI algorithms for the food logistic services. When the lockdowns first started happening he clued me in that there were going to be bargains for certain foodstuffs as restaurants shut down and the supply companies that serviced them hastily switched their supply chains from restaurants to grocery stores.
I was able to get some fantastic deals on large quantities of meat like chicken and steak (especially chicken) by getting in early on this.
It was a major lesson in how price changes are complex but in general are far more responsive to immediate conditions on the ground than they are to longer term happenings.
If more people realized this, they would know is no way shutting down Keystone XL or Bidenâs moratorium on new permits for drilling on federal land are the major drivers in the increase in oil prices because the effects of those policies would not impact on the ground until much much later.
By far the more dominant impact on prices is Saudi Arabia waiting to see if the pandemic is truly winding down before opening the taps. And thereâs no way theyâll let that stay the norm for longâŚbecause it allows too many competitor streams of oil that require the higher prices to be profitable to come online.
About the only time this was any different was when speculators used the oil markets as a place to make money when their preferred ways of making money collapsed with the credit crunch in the late 00s. And while that was quite painful, it too was a transient spike.
Oil has been on a plateau for many years nowâŚprice canât drop too low anymore because too many sources of oil now require a higher price point to be profitable to produce. Canât go too high because there arenât enough good paying jobs out there to support a higher price, and demand drops off.
So it will continue to be a cycle like this until we have some sort of paradigm shift.
Saudi Arabia wouldnât much matter if Biden hadnât trashed the pipelines & cut off fracking on federal land. Of course, he SAID many times he wouldnât, & we knew he was a liar.
Oh, & we know you are incorrect about gas prices having nothing to do with bidenâs policies.