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Discussion in 'Politics' started by Kelly, Jul 29, 2013.
Target blows past quarterly earnings expectations and says shelves are full for holiday season
Target says inventory is up by $2 billion from last year after efforts to bypass global supply chain disruptions
Oil demand (and prices) crashed last year for obvious reasons (less places and reasons to drive), OPEC is keeping global supply low during a time of higher demand to make up for last years decline in profits with higher prices now.
US stocks fall as Treasury Secretary Yellen sounds new warning bell over debt ceiling deadline
It’s a tactic to make up for last year’s pandemic-related declines.
And corporate Dems and Conservatives are using it to their advantage.
Oil Slides To Six-Week Low On Reports China May Cooperate With US On Crude Release
*puts on red hat* Thanks to President Trump by fighting those economic shutdowns.
Larry Summers: IRS proposal will generate more revenue than CBO estimate
Bloomberg News - More American Adults Say They Don’t Expect to Have a Child: Poll
About nine in 20 non-parents ages 18 to 49 say it’s unlikely
Reasons vary from medical, financial, age, lacking a partner
People need to get a grip if they can't find peanut butter on occasion at one store. Go to a different store.
I went shopping a couple of days ago. Target and other retailers were packed with merch as it gets. The grocery store was as well. Only the Walmart was disappointing.
I occasionally have to go to 3 or 4 stores instead of just 2 lately but I'm not exactly finding it impossible to get everything I need, it's just a little more scattered than usual.
Some things are a bit rarer but this idea that it's like the Great Depression spread by so many online shows a real disconnect with reality or being really okay with lying one's ass off.
Also, just like it was before during the start of lockdown in 2020... Aren't these the folk that have been prepping for doomsday since Clinton was in office? Again, instead of just going "See... I was prepared. I'm not affected by this" they choose to act like they are two days from starving because cat food and pizza rolls are delayed.
Walmart CEO Credits Biden with Supply Chain Improvement after Weeks of Conservative Hysteria
Reuters - Japan, India working on oil-stock release with U.S., timing unclear -sources
Gizmodo - Biden Releases the Oil to Combat Soaring Gas Prices
The move is part of a global effort to bring down energy prices that have soared as countries emerge from the pandemic.
Oil Price Charts | Oilprice.com
U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)
Reuters - U.S. challenges OPEC+ with coordinated release of oil from reserves
Wall Street Journal - Target’s and Walmart’s Shelves Overfloweth
The big box retailers have stocked up for the holiday season, and that is a mixed bag for investors
"Oh no we have too much inventory."
CNBC - Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969
Initial jobless claims totaled 199,000 last week, the lowest total since November 1969.
Second-quarter GDP growth was revised slightly higher to 2.1%, a bit below estimates.
Orders for long-lasting goods fell 0.5% for the month, below the expectation for a small gain.
CBS News - Jobless claims plunge to their lowest level in 52 years
CBS News - Black Friday sales on track for record high
Well this is certainly painting a picture.
Bad for the planet but good for prices. And a byproduct of COVID19 travel restrictions is lower demand for oil.
Bloomberg News - U.S.-Saudi Diplomacy Paved Way for OPEC+’s Surprise Output Hike
U.S. welcomes agreement to boost crude supply in January
Group says it could revisit the decision if the market changes
Oil Price Charts | Oilprice.com
EIA.gov - Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)
The Biden administration has been calling for them for months to raise production to meet demand and were rejected until now.
The Washington Post - U.S. economy adds just 210,000 jobs in November
The November unemployment rate dropped to a pandemic low of 4.2 percent, from 4.6 percent in October.
Macrotrends - U.S. National Unemployment Rate
Once again likely an undercount - they've been revising up past months all year long considerably.