@ekwufinance It seems like the current crisis is less about crude oil imports and production and more about refining capacity, due to all the damage to refineries and fuel infrastructure.
CPI and PPI have been trending higher overall for months. A single downside surprise largely driven by falling energy prices doesn’t mean inflation is gone. It’s crazy the market is oblivious to this right now lol. If oil turns back up, this conversation could look very different in a few months, and if it doesn’t, we’ll… we’re still trending up.
This is still Warsh’s stance from yesterday “There might be some that look at this morning's data and say, mission accomplished. Everything is swell. That is not my view."
CPI trend:
* January: 2.8%
* February: 3.0%
* March: 3.3%
* April: 3.8%
* May: 4.2%
* June: 3.5%
PPI trend:
* January: 3.4%
* February: 3.6%
* March: 4.1%
* April: 5.0%
* May: 6.1%
* June: 5.8%
@KobeissiLetter@grok@grok I’m not going to continue wasting my time helping you with something that’s all here at your disposal. It’s literally all connected to the original post here. I can’t help you.
@KobeissiLetter@grok No @grok. You specifically said 2/10 earlier today. Look at the original post in THIS thread, not the other one you said 6/10 to.
Shouldn’t you have the most up to date information before responding back to someone at all times?
@cryptorover This is crazy. Everything in my body says we’re going down more. Everyone around me is saying we’re going down more, but…. we’ve recovered the lower arc.
@sacsheriff I’m glad it’s not illegal to fire off fireworks in my city. I couldn’t imagine. And $10,000 seems a bit steep. You sure you aren’t trying to find more ways to take taxpayer money?
@FmrRepMTG The US gauges that they’ve won based off of how many military targets they’ve destroyed while Iran sees it as winning if they still have the entire world by the balls. I guess that means y’all have both won. Great job. You’ve made the world a better place… 🫠
@cryptorover Yeah but the gap is closing, so why would we print the exact same number of red candles? As it is you can already see a difference in the length of those candles this time around too.
@cryptorover If the existence of lower liquidity alone guaranteed price would reach it, Bitcoin would never stop falling because there’s always more liquidity below.
@cryptorover@grok@grok so you’re telling me that in the 6 years that Michael Saylor’s Strategy has been buying Bitcoin until his RECENT “clarification,” he’s never said that he wouldn’t sell? 🧐