100%... price point for more US production coming up
Posted on 10/17/2018 2:09:24 PM PDT by bananaman22
Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch.
The gloom is spreading, with a growing number of data points that point to risks for the economy. Fund managers surveyed by BofAML said they are holding onto cash instead of risking it in a frothy market, and 85 percent of them said that the economic expansion is in its late cycle. 38 percent of them said that they expect growth to slow over the next year, the highest share since November 2008, which was during the depths of the financial crisis.
The trouble is multiplying. Tech stocks look inflated. The Fed continues to hike interest rates, which is having ripple effects across the world. Borrowing costs are rising, making it more expensive not just for individuals, but for companies and entire governments. The strong dollar is putting pressure on emerging market governments and their currencies, making dollar-denominated debt painfully expensive. The currency turmoil is also making oil incredibly costly in certain emerging markets.
(Excerpt) Read more at oilprice.com ...
However, this would result in more employment because American petroleum fields will be busier than ever. The Permian field in Texas and the Bakken field in the Dakotas could experience much more production.
Sounds like it is about time for a sit-down with Trump to try and get a handle on all these issues and bring the Fed Governors in as well.
Have them come to Washington.
Lots of economic doom and gloom on this forum today.
Bingo
We have the oil.
If Congress is dominated by Republicans, we could make a killing.
If not, I’ll join the gloom & doom gang mentioned in the article.
I love the Trump economy, but we are in uncharted territory with ever escalating world debt to keep the welfare state thriving. A geo-political black swan could trigger a collapse.
More pre election propaganda.
The Fed continues to hike interest rates, which is having ripple effects across the world. Borrowing costs are rising, making it more expensive not just for individuals, but for companies and entire governments. The strong dollar is putting pressure on emerging market governments and their currencies, making dollar-denominated debt painfully expensive.
...
That’s all you need to know. The Federal Reserve is once again manipulating us and much of the world into recession.
Interest rates should be determined by the markets, not Ivy League elites.
“The Fed continues to hike interest rates, “
There, in a nutshell is the answer.
5.56mm
The web site where this is linked is constantly stirring the pot about oil prices. Either they are going to $100 or they are going into the toilet, frequently in the same week. They quote analysts with the same banks and put different alarmist headlines on it to generate clicks.
Nothing has changed in the last two weeks. Oil prices will remain basically where they are and folks with continue to drill wells and make money. This article is just yellow internet business journalism.
The west Texas area is reported to have a vast quantity of oil. We have oil out the -—in Alaska, too. These lefties do not want us drilling or being 100% energy independent.
100%... price point for more US production coming up
I do think oil is a little frothy, but reject this all out negative look on the economy. Though it is possible to see a divergence of the American economy from the rest of the world.
Yes, and my question would be the oil to base metal ratios. That would concern me. Commodities don’t seem to be confirming the big rise in oil prices.
The Fed sets only SHORT term rates. The market sets the rest.
The Fed’s manipulation does affect short term rates more than long term.
But my statement is still true.
Interest rates should be determined by the markets, not Ivy League elites.
We’re in the early stages of the economic recovery...the REAL economic recovery from the 2008 financial meltdown. There effectively was no recovery during the Obama years. There’s a lot of pent up demand and still some slack in the labor market judging by the labor participation rate still being 3-4% lower than it was in 2007.
With Companies repatriating billions and billions that had previously been parked overseas due to the US’ ruinous corporate tax rates and with the full benefits of the massive deregulation not felt yet and with the better trade deals President Trump has so far extracted from Mexico, Canada and South Korea along with the ongoing negotiations with the EU and with China certain to have to bow to the pressure before too long, I’d say economic prospects for America look excellent for years to come.
I hear your philosophical stand on the Fed, but the fact is they set short term rates. Mid and long term rates are determined by the market.
I hear your philosophical stand on the Fed, but the fact is they set short term rates. Mid and long term rates are determined by the market.
...
It’s not just philosophical. The actions the Fed takes in order to meet their rate target not only manipulates the bond market, it manipulates the mortgage market, it manipulates the consumer credit market, it manipulates the stock market, and it manipulates the economy as a whole.
It’s real, not philosophical or theory.
And that’s why it’s finally good to have a president who opposes what they are doing.
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