A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
*Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
Jump in the discussion.
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Notes -
Yeah. The high information people are generally bearish. Lots of low information types out there though. In the gen pop, probably 90% think oil is going to increase. But they are not the ones who make commodity markets.
Personally, I'd never gamble on oil futures. Its a market for pros or people with non-public information. Look at all the people predicting $200 oil back in April, not realizing that lots of oil was going through or around the strait all along and that China had stopped importing. The market just ignored those predictions.
One short term bullish trend for oil is that China is importing again so they can refine diesel and then re-export at record high crack spreads.
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