Oil prices will almost surely be affected. I would expect a gap up in price when futures markets open tomorrow. Expect gas price to jump as well. None of this will be good for inflation.
MonkeyGee
SpyderCall
OP
:
can't take another wave of inflation. This is the most pain 4 years in my life. only 6 months more to go and we'll have an administration that understands economics 101.
EZ_money
:
this my friends is how WW3 begins. wait for another 9/11 on my country to suck us in.... supposedly. strange friggin world especially when they all pray to the God of Abraham, they pray to the same God, but fight over details. now it's beyond that.
SpyderCall
OP
EZ_money
:
agreed. Iran attacking Isreal will definitely lead to retaliation. US backs Isreal. If the conflict gets too out of controll then US will step in for sure. We could possibly be getting closer to WW3. But so far this seems more like regional wars all around the globe. But that could always change.
SpyderCall
OP
MonkeyGee
:
Right. Inflation is hurting my wallet as well. I feel your pain. And if inflation comes back in a big way which it seems like it is, then that would be terrible for Biden during the next election. People generally don't know much about politics. But they definitely know about inflation as they can feel it in their wallet. Basically, people generally don't vote for a party because of their actual policies because they don't follow their parties polices enough. But they will vote with their wallet in mind. Which is why high inflation is bad for Biden.
Mike Obama :
MonkeyGee : Here we go with 2nd wave of inflation.
SpyderCall OP Mike Obama :
SpyderCall OP MonkeyGee : I feel the same way. Oil was already rallying. This is just more fuel for the rally.
MonkeyGee SpyderCall OP : can't take another wave of inflation. This is the most pain 4 years in my life. only 6 months more to go and we'll have an administration that understands economics 101.
EZ_money : this my friends is how WW3 begins. wait for another 9/11 on my country to suck us in.... supposedly. strange friggin world especially when they all pray to the God of Abraham, they pray to the same God, but fight over details. now it's beyond that.
SpyderCall OP EZ_money : agreed. Iran attacking Isreal will definitely lead to retaliation. US backs Isreal. If the conflict gets too out of controll then US will step in for sure. We could possibly be getting closer to WW3. But so far this seems more like regional wars all around the globe. But that could always change.
Mike Obama : buy the dip. it'll whip saw back
SpyderCall OP MonkeyGee : Right.
Inflation is hurting my wallet as well. I feel your pain. And if inflation comes back in a big way which it seems like it is, then that would be terrible for Biden during the next election.
People generally don't know much about politics. But they definitely know about inflation as they can feel it in their wallet. Basically, people generally don't vote for a party because of their actual policies because they don't follow their parties polices enough. But they will vote with their wallet in mind. Which is why high inflation is bad for Biden.
SpyderCall OP Mike Obama : You could definitely be right. We shall see.
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