Crude Oil Hits $122.00

Discussion in 'Commodity Futures' started by Rickshaw Man, Jun 8, 2022.

  1. Can't wait to see the phony CPI Friday. They will rig the number.

    Screenshot 2022-06-08 135456.jpg
     
  2. SunTrader

    SunTrader

    Rig it huh? Unintentional pun.

    Doubt it though.

    Last 5 reports:-

    estimate actual
    0.2% / 0.3%
    1.2% / 1.2%
    0.8% / 0.8%
    0.4% / 0.6%
    0.4% / 0.5%

    This month's estimate is 0.7% m/m
     
  3. Look on the bright side, when we are all unemployed and not driving anymore, the price will drop down again. Supply & Demand :sneaky:
     
    Gambit and NoahA like this.
  4. MKTrader

    MKTrader

    No, he's likely talking about all of the hedonic adjustments and other "magic" used to make inflation, employment, etc. look better. Even mainstream economics is doing semi-ShadowStats, though.
    US Inflation Nearer 1980 Peak Than Thought, Summers Group Says (msn.com)
     
    engineering likes this.
  5. easymon1

    easymon1