Economy
- Thread starter BigRedBuster
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BigRedBuster
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teachercd
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Certain things have been on sale!Hopefully everyone was smart enough to take the advice given here and continue buying in March April and May. Two people gave excellent advice it seems
CRCL is badass. It is also sucking the life out of Coreweave.
BigRedBuster
Active member
Sure. But, the market is still down from the end of January.Hopefully everyone was smart enough to take the advice given here and continue buying in March April and May. Two people gave excellent advice it seems
Yes, but up quite a bit from the drop. Knowing there wasn’t anything systemically wrong with the economic system, once the Trump tariff nonsense was backed off of things would normalize. Keep buying instead of the gotta get out cause the market dropped crowd.
Now if you were smart enough to get out in kid February and times it perfectly to get back in, those people made a nice gain.
BigRedBuster
Active member
I wish I was.
I never changed anything on my 401K contributions and I didn't sell anything when it dropped. Of course, we aren't out of the woods with all this tariff crap yet. Much of the affects haven't been felt yet.
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BigRedBuster
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ZRod
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JJ Husker
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ZRod
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TGHusker
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Some Economic news
https://www.cnbc.com/2025/06/11/jpmorgans-jamie-dimon-warns-us-economy-could-soon-deteriorate.html
Drill Baby Drill - Production is forecasted to be down in 2026
https://archive.is/X5MYy#selection-2191.0-2215.182
US oil production will fall next year for the first time since the Covid-19 pandemic, according to a government forecast that will cast new doubt on Donald Trump’s “energy dominance” agenda.
The Energy Information Administration, a division of the energy department, on Tuesday said US oil production would drop from a record high of 13.5mn barrels a day now to about 13.3mn barrels by the end of next year, as slumping oil prices rattle the sector.
“With fewer active drilling rigs, we forecast US operators will drill and complete fewer wells through 2026,” the EIA said in a monthly report published on Tuesday. Active rigs had “decreased by much more” than it expected in a previous report, it said.
The gloomy official forecast comes just months after Trump was re-elected following a presidential campaign in which he vowed to “unleash” American drilling, promote more oil production, and drive down energy prices.
Soaring shale production in the past two decades made the US the world’s biggest oil and gas producer, upending global commodity markets while feeding domestic industry with a steady stream of cheap energy.
https://www.cnbc.com/2025/06/11/jpmorgans-jamie-dimon-warns-us-economy-could-soon-deteriorate.html
- Jamie Dimon said the economy’s “soft landing” was likely to look weaker going forward.
- Dimon, who has been CEO of JPMorgan since 2006, has a history of sharing cautious or negative outlooks on the economy.
- The most recent economic data shows both job growth and inflation slowed in May.
Drill Baby Drill - Production is forecasted to be down in 2026
https://archive.is/X5MYy#selection-2191.0-2215.182
US oil production will fall next year for the first time since the Covid-19 pandemic, according to a government forecast that will cast new doubt on Donald Trump’s “energy dominance” agenda.
The Energy Information Administration, a division of the energy department, on Tuesday said US oil production would drop from a record high of 13.5mn barrels a day now to about 13.3mn barrels by the end of next year, as slumping oil prices rattle the sector.
“With fewer active drilling rigs, we forecast US operators will drill and complete fewer wells through 2026,” the EIA said in a monthly report published on Tuesday. Active rigs had “decreased by much more” than it expected in a previous report, it said.
The gloomy official forecast comes just months after Trump was re-elected following a presidential campaign in which he vowed to “unleash” American drilling, promote more oil production, and drive down energy prices.
Soaring shale production in the past two decades made the US the world’s biggest oil and gas producer, upending global commodity markets while feeding domestic industry with a steady stream of cheap energy.