This oil chart is more than scary!
https://image.nostr.build/4c4b77dc7a9c4f56d40f8786d5b4c7a5d44967f03fc2e9ca55a8bab798c3afeb.jpg
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This oil chart is more than scary!
https://image.nostr.build/4c4b77dc7a9c4f56d40f8786d5b4c7a5d44967f03fc2e9ca55a8bab798c3afeb.jpg
Walmart in the U.S. claims that deflation may be coming to certain food items in the next quarter. Demand may have fallen off a cliff.
Enjoy the lower prices while you can, they won't last long.
Nothing would terrify the U.S. govt more than deflation. Interest rates would be back at 0 quicker than you could say Bernanke.
That's very true
That's for sure. It would give my family a nice chance to relocate. Probably would be pretty bad for everyone else though
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I got the impression this week with europ. industry production cratering to -6.9% YoY they will be cutting far earlier.
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This is the new normal. Think the big short. If you’re not confused your not paying attention
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have been watching that chart a bit lately, curious to know if you have any immediate predictions for what kind of scary outcomes low oil prices will result in?
or if this is just a sign that consumer demand is down, what comes next in your view?
Yeah, it doesn't strike me as scary. I'd be more concerned if it were going the other way.
If I put my macro data together it seems that we are heading towards a deflationary bust faster than I thought. The crash with reality for an entirely over-indebted world could be epic! But I better do not give time-lines. They always make You look stupid afterwards. But it's coming
Supply and demand
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Remember it was briefly trading negative only a few years ago...
https://m.stacker.news/5138
That was the result of the lovely lockdowns to save humanity
Confusing chart- what's the units here on the timeframe of each candle?
This happens all the time, shortly before they need to fire up additional money printers.
Because the money is fake it is constantly inflating or deflating, there is no balance possible.
It's a game of ping-pong and we're about to head the other direction, at some point in the next year they're going to need a new fake pandemic / war / or some other bullshit thing to sweep it under the rug.
Be prepared.
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