Mike Nordic

the FED and the ECB have no purpose. Inflation is a matter of supply and demand. If oil is too expensive, give permissions to new refineries and explorations. No rate policy can solve the fact that in the USA and the EU 90% of the gasoline refineries were shut down due to climate policies

Nobody dude, just banks collapsing right and left. It's all good

It's been under 80 for months now, even with opec cuts. Opec doesn't control all of oil, just a part of it

Oil like in every recession at 35$. Easy short

The stocks that were on Red for over a year now are GREEN. Oil is naturally going down as a slower economy cannot support oil at these levels. Every time we have a recession oil hits 25-35$.

We had for a year now oil and bank stock bugs trying to make us forget us basic rules. If we have a recession from the hikes, the first victims will be energy and banks. This is the by the book rule in recessions. It is crazy to see so many people buying energy and banks for a year in order to allegedly protect themselves for a recession. Energy and banks will to negative and 0 if the FED keeps on doing what they are doing. It is something we know by the book. Regardless of what JPM or other banks say, which is that they supposedly like the hikes since they can make more money.

Feels nice to see short seller cry :)

The jobs report is one of the most fake reports ever. As long as it doesn't count long unemployment, what is the point of it? US employment rate is 65%. A historical low. Unemployment is at historical highs if we only meet measure it as we used to

We will have negative results soon as we enter the period where the comparisons are very beneficial. For example oil at 90 will look deflated when compared to the 125 it reached in February 22.

So higher rates accelerate inflation as they make everything even more expensive. Who would have thought

Capitulation is on. Wall Street is in shoch mode. They downgrade and sell everything. Now it's the time to buy! Don't run like a headless chicken, you should be buying guys!

But wait, the FED and Powell say they are bringing it down with rate hikes... hahhaha Is there still anyone believing rate hikes will bring energy down?

 What do you mean "fixated on energy". Energy is no 1 problem with inflation. Expensive gas makes transport expensive. Expensive gas makes electricity expensive. Electricity being expensive makes manufacturing expensive. All that being expensive makes products expensive. Workers need more money to make ends meet, labor becomes more expensive. Don't you see the supply of problems we get from expensive energy? Where in this problem your rate hikes help? The FED hikes only through a wrench monkey in the already struggling engine, creating an even bigger problem. How exactly fed hikes have helped with oil and gas all this time? The OPEC came yesterday and presented you the problem. Is is so difficult to understand? What did the FED hikes fixed in 2008 other than bankrupting millions of Americans and accelerated a moderate recession into a depression not seen in 100 years! What do you mean "fixated on energy". Energy is no 1 problem with inflation. Expensive gas makes transport expensive. Expensive gas makes electricity expensive. Electricity being expensive makes manufacturing expensive. All that being expensive makes products expensive. Workers need more money to make ends meet, labor becomes more expensive. Don't you see the supply of problems we get from expensive energy? Where in this problem your rate hikes help? The FED hikes only through a wrench monkey in the already struggling engine, creating an even bigger problem. How exactly fed hikes have helped with oil and gas all this time? The OPEC came yesterday and presented you the problem. Is is so difficult to understand? What did the FED hikes fixed in 2008 other than bankrupting millions of Americans and accelerated a moderate recession into a depression not seen in 100 years!

 Just today on this very website "Oil up 3% to 5-week high on more lift from OPEC+ output cut"... but, wait according to you that is impossible, the FED is hiking rates so prices should be going down...ahaha Just today on this very website "Oil up 3% to 5-week high on more lift from OPEC+ output cut"... but, wait according to you that is impossible, the FED is hiking rates so prices should be going down...ahaha

 Hahaha, nice.  You prove you don't have anything to support your opinion! Hahaha, nice.  You prove you don't have anything to support your opinion!

 You are missing the point. You cannot miss the fact that an OIL EMBARGO caused inflation. Exactly as happens now, Russian oil and gas removed from US and European markets has caused energy to get expensive. This has nothing to do with FED. The FED can do whatever, this won't create more oil. You still fail to present me an argument on how the FED will create more gas and oil You are missing the point. You cannot miss the fact that an OIL EMBARGO caused inflation. Exactly as happens now, Russian oil and gas removed from US and European markets has caused energy to get expensive. This has nothing to do with FED. The FED can do whatever, this won't create more oil. You still fail to present me an argument on how the FED will create more gas and oil

How exactly expensive mortgages in the US will make oil cheap? Please, educate me how OPEC won't keep on slashing oil production as you slow the US economy with FED rate hikes. They will sell less oil and make the same money while we will end up unemployed, unable to pay home loans, with all assets destroyed and oil will be still expensive

 What happened in the 70s that YOU MISS is that there was an OIL EMBARGO in the beginning of the decade! in 1979 there was again an OIL CRISIS up intil 1982. Do you understand now why we had inflation? Do you see oil this week? From 78 to 92 dollars per barrel in 3 days when OPEC slashed production. What is your thesis that rates affect inflation and not the  ENERGY CRISIS we are in? What happened in the 70s that YOU MISS is that there was an OIL EMBARGO in the beginning of the decade! in 1979 there was again an OIL CRISIS up intil 1982. Do you understand now why we had inflation? Do you see oil this week? From 78 to 92 dollars per barrel in 3 days when OPEC slashed production. What is your thesis that rates affect inflation and not the  ENERGY CRISIS we are in?

What a surprise, apparently OPEC and oil prices don't care if rates are high and apparently raising rates won't create more oil either

 What stimulus are you talking about? The biggest crash in history in 2008 happened exactly because of extreme rates that the FED raised. You have believed a lie that rates are a good think while there is no proof of that. The FEDs role is not to tax you through making investing impossible and destroying property values. The whole economy depends on that. If properties collapse and investing is expensive, as you want the FED to do, what you gonna do with the millions of unemployed that you will create? What stimulus are you talking about? The biggest crash in history in 2008 happened exactly because of extreme rates that the FED raised. You have believed a lie that rates are a good think while there is no proof of that. The FEDs role is not to tax you through making investing impossible and destroying property values. The whole economy depends on that. If properties collapse and investing is expensive, as you want the FED to do, what you gonna do with the millions of unemployed that you will create?

The FEDs role is no to put interests on capital and ask you to pay twice as much as your home loan in interests. What will high rates fix exactly? Why do you think anyone will invest in the US if capital is impossible to be loaned out?

 What do you mean the FED kept rates low, last year until September 2021 inflation was zero, 1% or negative. Did you want high rates at a period to do like what, destroy jobs for fun? What is this fetishism with rates? Why on earth capital should be expensive? If capital gets expensive, why would anyone invest in the US after all? What do you mean the FED kept rates low, last year until September 2021 inflation was zero, 1% or negative. Did you want high rates at a period to do like what, destroy jobs for fun? What is this fetishism with rates? Why on earth capital should be expensive? If capital gets expensive, why would anyone invest in the US after all?

Did the money supply increase by over 10% yesterday after the OPEC meeting? Your theory is false

Oil demand is not controlled by the FED. you can cause a depression in the US, but as you saw yesterday the OPEC countries will simply reduce the oil supply so their earnings won't change. You will end up will both depression and expensive and scarce oil and no amount of QE will be enough to restart the economy

Oil was 78 before the OPEC decision and its now closed to 90. Tell that this over 10% move up on oil is not war and OPEC related and how the fed will push it down