Diesel up around 100% in parts of Australia. It s settled a bit now, but before the invasion I purchased at 1.64/L. Peaked at $3.20/l, today about $2.90/l.
A warning. Input prices are up. But so is the market? There could be a reckoning. (Severity and timing are wild cards. Don’t try to trade on it. You’ll be wrong. That’s my take.)
Markets are getting more exhuberant/risky/speculative.
Sorry if I make you mad (Not a US citizen). What about the oil from Texas ? - Is that a "wrong" kind or is it only for export (Like a lot where I live) ??
Not a wrong kind, just one of the many kinds. Not all crude is the same. Different crudes lend themselves more efficiently to yielding different products. So while the US technically produces enough oil to meet its daily consumption needs by volume, it still imports and exports. Refiners want a variety of crudes for profitable economics. The US will never be “energy independent” as some advocates try to preach.
ingredient in fertilizer, super important for growing food **at the scale food was grown last year** esp dependent on Hormuz urea are Australia, Brazil, and India but lots of other places as well
I mean, so is a free fall. So stable and smooth, all the way down. Sass aside, stable just means predictable. People that earn mony perdicing stock market trends love perdictable, even when lime goes down they make money by shorting it.
HolyFreakingToast
how is the vix -12?
MrSatisify
huffnpuff72
Diesel up around 100% in parts of Australia. It s settled a bit now, but before the invasion I purchased at 1.64/L. Peaked at $3.20/l, today about $2.90/l.
MagnumRadhard
Urea.....? https://media1.giphy.com/media/v1.Y2lkPWE1NzM3M2U1Zmcxd28yZ2lyd254Zml6NmR2aWJsZWR3emJuZGdjcWdyamJpcTRveCZlcD12MV9naWZzX3NlYXJjaCZjdD1n/15c4N74hxO99kVZVAP/200w.webp
GrimleyGraves
You forgot the only stat they pay attention to... Corporate Profits.
madmax17
Jet fuel up tourism down, gasoline up food and everything else up.
B166ERMaximus
Just wait until you find out how much money the Trumps have raked in.
mbrauen
Logical takeaways from Mr. Bilello’s post:
Stock market does not equal economy
A warning. Input prices are up. But so is the market? There could be a reckoning. (Severity and timing are wild cards. Don’t try to trade on it. You’ll be wrong. That’s my take.)
Markets are getting more exhuberant/risky/speculative.
Cebrail
But the S&P IS OVER 50000!! or 4% at least!!!
GrumpyMe
What about the eggs?
Cactus21
So much winning it’s now being exported to the rest of the world at cost…
Problemwoodchuck
Huh. Like this was all a giant scam by people who have done nothing but run giant scams...
Rosenaa
Sorry if I make you mad (Not a US citizen). What about the oil from Texas ? - Is that a "wrong" kind or is it only for export (Like a lot where I live) ??
mbrauen
Not a wrong kind, just one of the many kinds. Not all crude is the same. Different crudes lend themselves more efficiently to yielding different products. So while the US technically produces enough oil to meet its daily consumption needs by volume, it still imports and exports. Refiners want a variety of crudes for profitable economics. The US will never be “energy independent” as some advocates try to preach.
Rosenaa
Super !. Thanks !!
bigdix69420
Urea?
CelestialSea
Yep! Make sure to do your part to keep prices down by donating some at your nearest GOP office today!
Problemwoodchuck
Yes I am for rea
Nalianna
https://en.wikipedia.org/wiki/Urea
DaravinDK
It is also the key substance in Diesel Exhaust Fluid, which prevents the release of pollutants from diesel engine systems.
laserfork
Nitrogen for plants.
fcib
The N element.
weidermeijer
I make my own.
madmax17
Just piss in the bucket after eating special souce.
TinyOctopus
Fertilizer and also used in cosmetics and the pharmaceutical industry.
Awmph
ingredient in fertilizer, super important for growing food **at the scale food was grown last year**
esp dependent on Hormuz urea are Australia, Brazil, and India but lots of other places as well
bigdix69420
Ok ok I thought for some reason it was a short for for uranium with a typo lol which makes even less sense
smashpro1
Nope, but it is a byproduct of urine.
CrisprCAS
Just for those that don't know: VIX is a metric for volatility, and it dropping means that markets don't expect things to change quickly.
ReallyOG
But the Dow??
rumandbass
I hedge with VIX.
Uonnay
So that means that the market is stable. It's a good thing right?
NairouTryyshokk
I mean, so is a free fall. So stable and smooth, all the way down. Sass aside, stable just means predictable. People that earn mony perdicing stock market trends love perdictable, even when lime goes down they make money by shorting it.
HandoB4Javert
Thank you. TIL
mbrauen
You can think of VIX as
A measure of anxiety, not danger.
How expensive it is to insure against near-term market swings
A weather forecast. Not climate change.