We discuss our opinion on the recent Gas prices in the USA.
As long as money pumped into the economy is kept in the economy, there’s no reason for prices to come down. That won’t change until the fed pulls liquidity out of the market which would make their balance sheet shrink.
The market has priced in FED activities based on what they expect. We're seeing more and more headlines about rates turning around in September but as it stands, we're in for more rate hikes and more pain in the short-term.
We talk about this and more in this clip from the Weekly AMA!
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Unfortunately, the economic problem is growing. Inflation and interest rates will continue to rise for a few more months.
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Yes I think we’re in for a lot more short term pain before this market recovers
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I do see us heading for some big short term pain which might be overkill and the backing off of it later could end up brinining us to the next crypto rally that blows that last one out of the water. With how fast and sharp they are moving on it I only see it lasting 6 months at the most which means one crazy 2023 plus the halving being about a year away at that point as well which is when the price normally factors in. Going to be intresting for sure like always.
I agree. They are slamming the brakes right now which means that we're in for a lot of short-term pain but the bright side is that it could mean a quick correction and then bounce from the bottom
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The continuing rise in prices of things are definitely hurting our pockets. Although it might be short-term, it feels like it's been forever, lol!
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Ahaha yes!
A lot of pain in our pockets right now. I don't think it's over just yet, but I also don't think it will last very long
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Hope it's going to be over before it puts so much holes in the pockets, haha
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The engine of the economy from the halt through the pandemic shows it is all connected. Plus a weird war on top.
We are for a wild awakening
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The world is waking up to the stupidity of central governments.
The news can't mask reality anymore
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This is likely said as the money still remains in the economy but what will the future holds if such prices increases heavily which I believe will affect other commodities which also is happening but requires deflation at some point as well.
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At some point this will ease up and the fed will walk back QT. The end is not in sight.. yet.. though. We’re in for more short-term pain
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Maybe this is another strategy FEDS or other governments in WEST are trying to discourage public to leave petroleum run vehicles and buy electric vehicle. haha just a thought.
Russia Ukraine war has also something to do with it as well, Russia is selling its petroleum products on discounted rates to its allies.
It is very harsh situation and can go scary soon.
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Lol it could mean that! If so, then it's great for the environment and EV market. We'll have to see!
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On other hand it is bad for 3rd world countries, specially Africa and East Asia, their economy is crunching.
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the u.s. has shut down almost all of it's oil production too, right? yes inflation is affecting gas prices...but if the u.s. isn't producing gas, the only thing it can do is go up. I understand the push toward green energy, but i really don't want to have to give up my fossil fuel engines. I do all my own mechanic work, I won't be able to do that anymore with ev everything.