True, but we shouldn’t assume that his transactional nature to put money in his pocket will benefit the overall economy. We’re dealing with a grifter, not someone who looks out for others.
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Skillset number one?
NPR states he reframes everything. NPR can not get past the drama and hurt.
The skillset. He hears a tenant is suing and won’t pay her rent. He gets his lawyer to throw in a bunch of his claims. It goes to court and he loses. End of story. He does this thousands of times a year.
Skillset if you want to call it there in a nutshell. TSATW Throwing Stuff at the wall.
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Maybe…
If we are still a united country.
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We know who to blame during Great Depression 2.
I am coining Great Depression 2.
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Why? The 14th amendment no longer applies, so why should the 22nd? If anyone disagrees, a mob of armed thugs will be ordered to overturn the “election” with no criminal penalties. It would have worked last time, but some of his supporters got cold feet.
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I’m not sure if Saudi can do that right now. They’ve been spending LOTS of money and if the money spigot slows, they will have all sorts of troubles.
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Technically it’s will be Great Depression 3.
The Depression that began in 1873 was known at the time as “The Great Depression”. It was only when 1929-1933 came about that it was renamed, after the fact, The Long Depression.
The Great Depression of our parents’ era was already the Great Depression 2.
Just a little piece of pedantry to brighten your Sunday morning.
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I am weak on the 1866 to 1910 period. I have not done much reading on it.
Seems we agree the ODDS of a great depression MAY BE in the cards.
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And lest we release pedantry too much, don’t forget the Panic of 1893 that led to a severe four year depression.
It was the most serious economic depression in history until the Great Depression of the 1930s.
Pete
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Yep heard recently the 1893 Depression was tariff induced.
Smart guys we gots here.
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The highly relevant song by Stephen Foster, composed in 1854, (after a terrifying cholera epidemic and a deep depression) and here sung by one of Foster’s genuine heirs:
Hard times, hard times, come again no more……
d fb
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They can, I’m not certain they want to. They cut production last summer to support oil prices and prices have come down since then. As a guess, I’d say they aren’t willing to increase production unless prices recover.
Everybody else seems to be pumping like crazy, while demand is pretty flat. So also as a guess, I’d say oil prices will be flat or declining.
Electricity demand is expected to increase in the US, reversing a long trend. But gas demand is expected to decline as solar replaces gas generation. So I’d guess gas prices will be flat or declining too. Although gas prices are already pretty low at the moment.
So my prediction is that gasoline prices will be flat or declining this year, but it won’t be because of declaring an emergency.
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The wild card here is that India is already constrained by sanctions on the Russian oil industry. The US is cracking down Russian tankers, to the point where it might adversely impact India. Oil consumption is growing fast in India and they really need the energy. If they can’t get enough from Russia they would have to find other sources, which likely would drive the price up. This could change with a pro-Putin US administration.
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India was primarily a buyer from Gulf countries specifically Saudi’s, Kuwait, and Qatar. They diversified to Russian Oil, and it was possible because Russia was willing to sell cheaper.
This is the point I was driving at. On one hand Trump administration wants to reduce the Oil price, and on the other hand their actual actions are going to lead to further raise in Oil price. US elected trump and they have to live with it. But the clownish actions of this administration, is going to cause a major financial/ economic impact on many “developing” and poor countries. Of course Trump doesn’t care about them… we know how thinks about them.
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Mid-1890s is about when supply side economics was proposed. Hasn’t worked yet…
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Shhhhh…the show’s about to start. The decision on including Canadian oil in the tariffs may be coming tonight.
I’m no genius, doesn’t seem like a difficult decision. Retail gasoline, especially in the Midwest, will go up, and up, and up! Also…
Could this be the second fluster cuck decision that will be rescinded in short order?
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Interesting situation. Tariffing imported oil would make domestic production more profitable, as domestic oil prices would rise to match the tariffed price of imported, but rising gas prices are unpopular, but there are ready scapegoats for rising gas prices.
Steve
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Sure, DEI. Seems like all our problems are caused by it.
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Except when it’s “Commie foreigners”.
Steve
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Black oil is the problem. So, only allow white oil. Gonna be a LONG wait in that line…
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