Oil

[wheatking16]

Oil is trying to die.

[blackpowder]

And so are grains.
Is it safe to shut the computer off until May?

[wheatking16]

Lol, we can try to make money on the way down if this continues.

[errolanderson]

Brutal 2024 start to Asian stock markets shaking up the Saudis. China equities straight down to a five (5) year low this week. OPEC finally admitting there is a demand problem.

[wheatking16]

I saw a report that EVs are 19% of worldwide new car sales which might be a reason.

[biglentil]

Market tricked again and now waking up to the fact the Fed is not going to cut rates.

[Sodbuster]

And they shouldn’t be cutting rates yet, as far as I’m concerned I like where rates are now.

[Old Cowzilla]

Yes leave the rates where they are the free money hasn't done most people any good. I think the market was trying to convince people the feds would cut the rates .

[biglentil]

I would have no issue if rates went higher personally. However like David Webb articulates clearly in his video by wrongway now redirected, 15 years of near 0 percent rates has inflated an everything bubble. Normalize rates at 5% and asset prices will implode by 80%. Defaults would sky rocket...

[Sodbuster]

That’s my perspective too, 15 years of low interest rates and people wonder why houses are a million plus and land prices have gone through the roof. My first mortgage was 17% when we saw 10% we were happy with rates. Mortgage rates should never be under 5%.