reply on: Prediction Realized: The Fed Opts for a Rate Cut | The Libertarian Institute \ stacker news ~econ

20 sats \ 7 replies \ @Undisciplined OP 27 Sep \ parent \ on: Prediction Realized: The Fed Opts for a Rate Cut | The Libertarian Institute econ

I have no idea who's buying that. Even my wife's family laugh at the media's attempts to hype up the economy.

32 sats \ 6 replies \ @Satosora 27 Sep

Me either. A coworker talked about how his vehicle is too large for the gas prices. I havent heard that tale in a long time. Maybe they will start moving towards smaller cars again instead of SUVs.

20 sats \ 5 replies \ @Undisciplined OP 27 Sep

Maybe, which is fine with me, but I'd rather the Fed stop inflating away everyone's purchasing power.

27 sats \ 4 replies \ @Satosora 27 Sep

Yes. Inflation wasnt as high before, but I seem to remember gas prices being 5$ a gallon.

20 sats \ 3 replies \ @Undisciplined OP 27 Sep

There were higher prices at some points when oil supply has been disrupted or when demand spiked.

40 sats \ 2 replies \ @Satosora 27 Sep

Is that what it was? Was supply really disrupted? Was that during the Iraq war?

20 sats \ 1 reply \ @Undisciplined OP 27 Sep

The wars in Ukraine and Palestine have both caused supply disruptions in oil shipments.

Before that, there was a huge spike in demand caused by Europe badly overestimating what their renewable energy output would be.

33 sats \ 0 replies \ @Satosora 27 Sep

If only we could figure stuff out. There are enough resources in the world to make everyone be alright.