Posted on 03/07/2022 7:26:25 PM PST by E. Pluribus Unum
There are some people out there that thought that global financial markets would be largely unaffected by the war in Ukraine. Those people were wrong. This week, investors have received a very rude wake up call. Stock prices are plunging, commodity prices are going completely nuts, and a very thick cloud of fear has descended upon Wall Street.
The fact that this war has permanently changed economic and financial conditions is starting to sink in, and it is likely that the level of panic will continue to rise in the days ahead.
At this point, even average people on the street are having discussions about the price of oil. Just a few hours ago, it briefly spiked to 139 dollars a barrel…
US crude futures jumped 6% to trade at $123 a barrel. Brent crude, the global benchmark, briefly spiked as high as $139 a barrel before easing back to $125. That’s still a leap of more than 35% in just one month.
We all knew that the price of oil was going to be going up, but very few of us expected this sort of dramatic movement so soon. And as the price of oil goes up, so does the average price of gasoline in the United States. According to Gas Buddy, the all-time record was just broken for the very first time since 2008…
The national average price of gasoline in the U.S. today broke the existing record, rewriting the all-time high to today’s $4.104 per gallon, according to GasBuddy, the leading fuel savings platform saving North American drivers the most money on gas. The previous all-time high was set back in 2008 at $4.103 per gallon, just ahead of the U.S. Great Recession and housing crisis. The national average price of diesel is also nearing a new...
(Excerpt) Read more at conservativeplaybook.com ...
They were headed that way before the Russian invasion of Ukraine.
They will continue to be volatile with government imposed sanctions being thrown around like confetti.
Stolen Elections come at a very high cost and bring with them dire consequences.
Prove me wrong.
Thanks to Joe Biden and his team of nitwit Communists
If we only listened to George Washington and avoided foreign entanglement then this wouldn’t have happened.
The big fear of oil, is that we keep some available.
I remember the 1970s.
Yes, Biden is that stupid.
“Prove me wrong.”
You can’t be proven wrong.
The Biden/Harris virus is good at two things.
1) Lighting fires all over the globe diplomatically and economically.
2) Making high pricing and inflation a norm not seen since the 1970’s.
Also, if you think Biden is the worst Democrat, I have some bad news.
There are bigger retards waiting in the wings.
But it got Covid and The Pfizer jab with 1300 listed side effects OUT of the news. It also killed Biden’s money laundering machine.
If you think it’s bad now, wait until China moves to take Taiwan. It will happen. Prepare accordingly
Michael Snyder is my favorite doom porn guy. One of these times he will be right. We’ll see.
NO..the worthless piece of skin in the white house is the cause of everything going on now.
SoCal Costco - Saturday - $4.89/gal reg with lines across the shopping center - 2 days ago. Monday $5.05 reg and $5.45 premium. Across the street it’s $6. Diesel is $5.47/gal
Propane - delivered last week - $3.68x100gal,
Costco - Sunday - 5 gal tank for bbq (without tradein), $57 ($40 tank cost)
Costco - Sunday - propane 5 gal tank refill $4.41/gal
This situation in the Ukraine should never have caused this kind of reaction.
This was all planned and in the works before Putin moved.
The conflict in the Ukraine is just the scapegoat, the excuse they are using to cover their tracks.
Nah. The world will yawn. China gets a pass on everything.
Not only was the election stolen, we have a POTUS on Russia’s and China’s payrolls.
no reason for the markets to care.
this is just the media trying to inflate the issue.
once again... more #FakeNews
Biden does not have a damn clue about current events.
Watch this crap unfold. It is going to be ugly.
We are here.
At least we are no longer subjected to mean tweets.
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