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nauseus

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Everything posted by nauseus

  1. What a load of bullocks.
  2. The world increasingly looks to Britain as a model of how to screw itself in the name of faux greenery. An expensive fudge that ensures everyone pays the max for a far less less secure power supply. Great to see the EU getting a credit too. Idiots.
  3. Well make your mind up for flocks sake! A good idea, at least to test out. Might get more fish lurking underneath too - they like the shade.
  4. I think the NYT ratings quoted are lower than given. CNN have been losing ground for ages. Som nam na.
  5. The "current" debt level is rather dynamic (always going up) and has the potential to bust the economy at any time, especially in the case of default. It was increasing even when interest rates were zero for so long. Other debt classes like mortgages, credit card debt, student loans, auto loans and personal loans and corporate debt are all risky now. I don't know enough about Trump's program yet but I can't see the government debt going down soon, in any case. https://www.cnbc.com/2024/11/13/credit-card-debt-hits-record-1point17-trillion-new-york-fed-finds.html https://www.statista.com/statistics/274636/combined-sum-of-all-holders-of-mortgage-debt-outstanding-in-the-us/
  6. The debt is heavy enough to break the economy already. Biden can be blamed at least as much as anyone else.
  7. Anyone wanting any understanding at all would seek out papers that aren't 11 years out-of-date and include erroneous forecasts.
  8. Just like her chance of getting into the WH.
  9. Perhaps Canada needs new leadership too then?
  10. The real caveat to apply to this "booming Biden economy" is the Covid era and post Covid spending/borrowing rebound, which has seen another uptick this year, despite Covid essentially being beaten, This is clearly displayed by the money supply chart in the link (below). Select to the 10yr option: https://tradingeconomics.com/united-states/money-supply-m2 With the resulting high deficits and debt, the US economy can indeed be described as a basket case, from this aspect. Biden is one of the eggs in the basket and Trump is another (smaller) one - but at least Trump has mentioned trying to get debt reduced - we'll just have to see how that works out? When the egg basket becomes so overloaded that it falls off the shelf, then at least some of the eggs are bound to break and nobody will be able to stop that. At that time it will be a case of who is the best damage controller. US stock market values have falsely been propped up by this free money plus all the previous QE money creation since the GFC. Anyone who likes spending money as much as Biden will, of course, be a temporary hero to the fortunate few who don't have to rely on SS and food banks etc. Yes, wealth has landed into the hands of the haves. Looks like Walker is only interested in the survival of the strong/fittest and screw the rest. Right?
  11. The United States remained a net crude oil importer in 2022, importing about 6.28 million b/d of crude oil and exporting about 3.58 million b/d. Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. later exports. Also, some of imported petroleum may be stored and later exported. \ https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
  12. Hmm ... let me see. Joseph Robinette Biden. POTUS Jan 2021-2025. Wait a minute! So, 2022 was Joe's second year as POTUS! How about that?
  13. Trump was not collaborating with anyone. Russia had invaded Ukraine.
  14. I was not talking about Trump. I was talking about Biden and the huge drain he made in the SPR, at a time when the US was not fighting any major wars.
  15. Wrong! Over the past six months, the U.S. has refilled the SPR by 20 million barrels. But it's still half empty.
  16. It was political panic selling - not strategic. Too many complaints about high prices a the pumps.
  17. Utter bs. Biden let the SPR go down to less than half capacity. The need for the SPR is not determined by you.
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