This oil chart is more than scary!
pull down to refresh
1179 sats \ 9 replies \ @siggy47 16 Nov 2023
Walmart in the U.S. claims that deflation may be coming to certain food items in the next quarter. Demand may have fallen off a cliff.
reply
285 sats \ 6 replies \ @Undisciplined 16 Nov 2023
Enjoy the lower prices while you can, they won't last long.
reply
391 sats \ 5 replies \ @siggy47 16 Nov 2023
Nothing would terrify the U.S. govt more than deflation. Interest rates would be back at 0 quicker than you could say Bernanke.
reply
229 sats \ 0 replies \ @TomK OP 16 Nov 2023
That's very true
reply
229 sats \ 0 replies \ @Undisciplined 16 Nov 2023
That's for sure. It would give my family a nice chance to relocate. Probably would be pretty bad for everyone else though
reply
229 sats \ 2 replies \ @shado_op 16 Nov 2023
deleted by author
reply
21 sats \ 1 reply \ @TomK OP 16 Nov 2023
I got the impression this week with europ. industry production cratering to -6.9% YoY they will be cutting far earlier.
reply
21 sats \ 0 replies \ @shado_op 16 Nov 2023
deleted by author
reply
250 sats \ 1 reply \ @BitcoinIsTheFuture 16 Nov 2023
This is the new normal. Think the big short. If you’re not confused your not paying attention
reply
0 sats \ 0 replies \ @brandonsbytes 17 Nov 2023
deleted by author
reply
642 sats \ 2 replies \ @kr 16 Nov 2023
have been watching that chart a bit lately, curious to know if you have any immediate predictions for what kind of scary outcomes low oil prices will result in?
or if this is just a sign that consumer demand is down, what comes next in your view?
reply
239 sats \ 0 replies \ @Undisciplined 16 Nov 2023
Yeah, it doesn't strike me as scary. I'd be more concerned if it were going the other way.
reply
218 sats \ 0 replies \ @TomK OP 16 Nov 2023
If I put my macro data together it seems that we are heading towards a deflationary bust faster than I thought. The crash with reality for an entirely over-indebted world could be epic! But I better do not give time-lines. They always make You look stupid afterwards. But it's coming
reply
21 sats \ 1 reply \ @BlokchainB 17 Nov 2023
Supply and demand
reply
50 sats \ 0 replies \ @brandonsbytes 17 Nov 2023
deleted by author
reply
0 sats \ 1 reply \ @Ice9 17 Nov 2023
Remember it was briefly trading negative only a few years ago...
https://m.stacker.news/5138
reply
100 sats \ 0 replies \ @TomK OP 17 Nov 2023
That was the result of the lovely lockdowns to save humanity
reply
0 sats \ 0 replies \ @gmd 16 Nov 2023
Confusing chart- what's the units here on the timeframe of each candle?
reply
0 sats \ 0 replies \ @0330830bf9 16 Nov 2023
This happens all the time, shortly before they need to fire up additional money printers.
Because the money is fake it is constantly inflating or deflating, there is no balance possible.
It's a game of ping-pong and we're about to head the other direction, at some point in the next year they're going to need a new fake pandemic / war / or some other bullshit thing to sweep it under the rug.
Be prepared.
reply
0 sats \ 0 replies \ @Ice9 17 Nov 2023
deleted by author
reply