We’ve not only failed to make progress as a country, we’ve actually gone backwards’

https://www.nationalobserver.com/20...y-high-people-still-buying-demand-destruction


There’s a famous saying that ’the cure for high prices is high prices,’ but when it comes to gasoline, that may not necessarily be the case.

Experts are torn on when or even if drivers might see significant "demand destruction" — an economics term for a sustained decline in demand for a product due to excessively high prices — at the pumps.

In theory, reaching an unsustainable price would serve as a tipping point and ultimately cause fuel prices to fall, finally offering drivers some relief. But analysts say we’re not there yet even though gas prices are hovering around all−time highs.




"Canada’s gas prices are at inflation−adjusted records. But I continue to be astonished at the high level of demand we’re seeing," said Patrick De Haan, head of petroleum analysis for the fuel price tracking service GasBuddy.com.

Gasoline prices have been rising since February, ever since Russia’s invasion of Ukraine sent shock waves through international energy markets.

Post 11
 
The New York Times:

The Real Jimmy Carter stands Up.

“What is it that troubles people? He appears weak, many say.’

July 15, 1979.


History repeating itself.
 
New York Post:

“Joe Bummer:Biden Says Americans’ Are Really, Really Down.”

You bet your culo they are down...on you.

And fed up with you and your far left Democrat Socialist loons.
 

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Originally Posted by evince Link


The oil crunch is world wide idiot


quit while you are behind
 
inflation makes EVERYTHING more expensive. literally everything.

It does nothing to preexisting [non-inflation adjusted]contracts, but it does raise incomes. So your income goes up, while your mortgage payment stays the same.

Inflation helps the more agile among us, and hurts the more static among us.
 
It does nothing to preexisting [non-inflation adjusted]contracts, but it does raise incomes. So your income goes up, while your mortgage payment stays the same.

Inflation helps the more agile among us, and hurts the more static among us.

inflation also causes companies to dial back growth or even contract costing jobs.
 
It does nothing to preexisting [non-inflation adjusted]contracts, but it does raise incomes. So your income goes up, while your mortgage payment stays the same.

Inflation helps the more agile among us, and hurts the more static among us.

Inflation at 8%, wage gains at 5%, Walter.
 
The lack of a childcare policy in the USA is a disgrace. Not as bad as the lack of universal healthcare, but extremely bad.

Remember when trump said he would solve it? Well, he did nothing.

Childcare is the responsibility of the parents.

A novel idea.

Why should we support your children, Walter?
 
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