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cachukis

(4,147 posts)
31. No question. One of my worries is the takeover of
Thu Jun 4, 2026, 02:23 PM
Jun 4

market responsibility having moved to an algorithmic response. It has simply made money for the sake of money. A wilfull blindness.
Visualize, the manager talking to his sales team asking for reports of progress, strategies, and successes and failures of activity during the last six months. The reps ask AI to accumulate the data and they turn that in. The manager gathers this information and asks his AI agent to assemble this in reportable form and submits it to his boss.
That boss is a computer that decides the next step.
We are already here.
Reminds me of Malthus predicting population growth would be subject to food supply.
Reminds me of a conversation I had with my wife's best friend some years ago in Paris, TN.
I asked her why the poorest people in Kentucky continued to vote against Obamacare. They actually received benefits from Kenect (sic) the Kentucky version of Obamacare. She said their pride in overcoming hardship was a motivating factor. They couldn't afford dentists, but the occassional success of brandishing a tattoo, while small, mattered a lot.
Business resilience seems to be holding for now.
Saw through the pandemic where many of the predictions of economic calamity turned out to be underwhelming. The tariffs were supposed to cause much strife, but businesses, having raised their prices during the pandemic without reducing them later, were able to assuage pricing increases to less than what was expected.
At some point, the cavalcade of economic pressures might blow the steamer, but so far the whistles, while disquieting, have kept the engine still running.

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4 members have recommended this reply (displayed in chronological order):

The shit is on the wing orangecrush Jun 4 #1
The storage cushion is fudgy. bucolic_frolic Jun 4 #2
President Bone Spurs had a plan to get out of Vietnam. Emile Jun 4 #3
Daddy's not buying his way out of this one. dem4decades Jun 4 #4
From another perspective cachukis Jun 4 #5
there's definitely been some adaptation... but still a lot has been kept afloat by the reserves that are likely to run LymphocyteLover Jun 4 #27
No question. One of my worries is the takeover of cachukis Jun 4 #31
Absolutely. I totally agree on all those points. The stock market is particularly a mess IMO LymphocyteLover Jun 4 #32
Have invested mostly in real estate over the last cachukis Jun 4 #34
Why would " Diesel goes first"??? Melon Jun 4 #6
800,000 to 1.2 million SamuelTheThird Jun 4 #11
It's one country. Multiply across all oil producing Melon Jun 4 #41
Yes, but the key is how long the strait stays closed and how quickly the reserves run out LymphocyteLover Jun 4 #28
Diesel is often made from mideastern crude while gasoline is made from US crude JT45242 Jun 4 #30
Not In The US, Though ProfessorGAC Jun 5 #45
Completely wrong. GreatGazoo Jun 4 #7
lol@your link SamuelTheThird Jun 4 #10
You ignored all the numbers to nitpick about semantics GreatGazoo Jun 4 #15
Are America's strategic reserves at a 40 year low right before the summer season? SamuelTheThird Jun 4 #19
Traders in Singapore, Beijing and Mumbai aren't duped by whatever Trump says GreatGazoo Jun 4 #36
This message was self-deleted by its author LymphocyteLover Jun 4 #29
Futures Are Not Delivery modrepub Jun 4 #39
"futures price contracts probably isn't a good predictor of actual future prices" -- meaning spot prices, yes GreatGazoo Jun 4 #42
Future Prices Are Not Necessarily modrepub Jun 5 #43
No. For anyone holding a March contract at $63 their price in March was $63 GreatGazoo Jun 5 #44
Appreciate your insight as I'm an admitted economic idiot. I can see where Exxon would be trying to "warn" Cheezoholic Jun 4 #21
Futures lock in a price right now GreatGazoo Jun 4 #22
Admittedly, Im no expert or even amateur...but SamuelTheThird Jun 4 #35
Since oil is sold as futures there is more profit when buyers panic about the future GreatGazoo Jun 4 #37
All hinging on a deal that isn't going to happen SamuelTheThird Jun 4 #38
Last week Exxon Mobil warned that oil inventories will fall to record low levels in coming weeks LymphocyteLover Jun 4 #33
Demand destruction WSHazel Jun 4 #8
"one of the key reasons that Trump started this conflict was to increase energy prices"-- agree LymphocyteLover Jun 4 #25
And it's all part of the plan... 2naSalit Jun 4 #9
Excellent summation. Kid Berwyn Jun 4 #12
I don't think the Strait of Hormuz never reopening is going to happen, but it will not reopen without a major shock ToxMarz Jun 4 #13
Agree. Thanks for the link. LymphocyteLover Jun 4 #24
Kick dalton99a Jun 4 #14
MAGA does the full collapse kairos12 Jun 4 #16
First the bastids want to grift off it, if they can. GreenWave Jun 4 #17
But I thouight it would be open in two weeks. AverageOldGuy Jun 4 #18
That's the point. Blue Full Moon Jun 4 #20
Unbelievably awful LymphocyteLover Jun 4 #23
It's happening now as we speak. marble falls Jun 4 #26
Remember that the UAE left OPEC a few weeks ago WSHazel Jun 4 #40
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