June Inflation Highest Since February, CPI +2.7%

[ua_guy]

We're high 4's and over 5 in many places around Seattle for regular gas, with some stations into the's $6's for diesel. Gosh, that's not going to affect the price of goods at all. /sarcasm.

[QuarterMillionMan]

WTI crude is currently $103. I should have bought more of the USO ETF on Friday but I’m glad that I got some skin in the game.

[ua_guy]

Up almost 65% in the last 6 months.



And 1 year:

[QuarterMillionMan]

As I sit on the beach in San Diego watching Closing Bell: Overtime I see WTI at $86. Tomorrow I’ll sell my oil & gas ETFs and take a small haircut. Funny how this morning I was up $100 but tomorrow I’ll probably be neggie $100 when I sell. Win some, lose some. BTW, nice sunny day here.

[QuarterMillionMan]

Sold my oil & gas ETFs this morning, lost $50 in total. It was a fear trade where the market had a knee jerk reaction. Oil had spiked to $119 at the height but short lived which would have been the perfect time to sell but not easy to catch. But that was a wild ride.

[ua_guy]

Could have waited another two days, WTI crude is walking towards 100 again.

While prices at the pump spike, I'm not sure how our govt spending $1 Billion per day on this epic mistake is going to benefit us.

[james.hendrickson]

You know UA_Guy, its amazing. One person in the White House makes a decision and all of a sudden the global economy gets punched in the throat. My stocks are down like 7% this month.

What did hear is that the Iranians were about two weeks away from getting a nuke, so maybe the war was going to happen eventually, but it does speak to the importance of having a diversified portfolio and plenty of cash.

[ua_guy]

You know UA_Guy, its amazing. One person in the White House makes a decision and all of a sudden the global economy gets punched in the throat. My stocks are down like 7% this month.

What did hear is that the Iranians were about two weeks away from getting a nuke, so maybe the war was going to happen eventually, but it does speak to the importance of having a diversified portfolio and plenty of cash.

I'm not sure where you get your news, but no, the Iranians were not two weeks away from "getting a nuke" any more than they have been in the last 40 years. All evidence points to a poorly informed decision to follow Israel into a wartime partnership they've been begging for, for decades, with no clearly defined goals or outcomes for our country, or for Iran. The economic cost is staggering and once again, those of us who actually pay attention are here to say told you so, and what we said was probably going to happen is happening right before our eyes. This doesn't end quickly and the cost to the American taxpayer and our own economy is already absolutely staggering.

Tell me: Where have we heard "they have weapons of mass destruction" before?

[james.hendrickson]

I'm not sure where you get your news, but no, the Iranians were not two weeks away from "getting a nuke" any more than they have been in the last 40 years. All evidence points to a poorly informed decision to follow Israel into a wartime partnership they've been begging for, for decades, with no clearly defined goals or outcomes for our country, or for Iran. The economic cost is staggering and once again, those of us who actually pay attention are here to say told you so, and what we said was probably going to happen is happening right before our eyes. This doesn't end quickly and the cost to the American taxpayer and our own economy is already absolutely staggering.

Tell me: Where have we heard "they have weapons of mass destruction" before?

UA_Guy - okay, is just my objective view of the situation, nobody on FOX or MSNBC is saying the Iranians had nukes. And, from what I gather, one of the reasons the diplomatic efforts to deal with Iran failed was because they'd enriched about 660 kilos of uranium and were not willing to give it to a 3rd party (why would they?). There isn't really any dispute about this. Putting this together with Iran's obvious advanced ballistic missile capability makes me think the Trump administration had simply run out of time to prevent Iran from getting a nuke.

I'm not defending them - just trying to make sense of why they'd upend the global economy and risk a bump in inflation before a sensitive midterm election. It seems like if the Administration were rational, which it is, they'd try and PREVENT economic harm, not cause it.

The only way the administration's actions make sense to me is if they're acting to prevent an even worse outcome.

[Fishindude77]

You know UA_Guy, its amazing. One person in the White House makes a decision and all of a sudden the global economy gets punched in the throat. My stocks are down like 7% this month.
What did hear is that the Iranians were about two weeks away from getting a nuke, so maybe the war was going to happen eventually, but it does speak to the importance of having a diversified portfolio and plenty of cash.

This brings up a good point. Over the course of my lifetime we've had roughly a 50/50 split of Repub & Dem administrations, and for a great deal of that time we've been involved in a military conflict or war of some type or another. You can p#ss and moan all you want about who is currently in power but that's not going to change until the next election so you just have to suck it up and deal with it. Blaming that one guy at the top for your personal financial problems is a cop out. You do have to be diversified and smart in how you invest and handle your money, and if so you are probably going to be okay regardless of who is running the show.

[ua_guy]

This brings up a good point. Over the course of my lifetime we've had roughly a 50/50 split of Repub & Dem administrations, and for a great deal of that time we've been involved in a military conflict or war of some type or another. You can p#ss and moan all you want about who is currently in power but that's not going to change until the next election so you just have to suck it up and deal with it. Blaming that one guy at the top for your personal financial problems is a cop out. You do have to be diversified and smart in how you invest and handle your money, and if so you are probably going to be okay regardless of who is running the show.

Nobody here is blaming the one guy at the top for personal financial problems, but nice straw man you've got there. But you can imagine how a smartly diversified portfolio could grow with an actually good economy and without choice global conflict with no real end game. You can imagine what $1 Billion per day in our taxpayer money could go to instead of blowing up elementary schools and hospitals in the middle east and f*cking our own energy prices. Also think how nice it would be not to wake up every day and wonder what the senile old pedophile did or said while the rest of us were trying to get some sleep.

And, the one guy at the top right now promised no new wars. Maybe it's time to throw that Fifa peace prize in the garbage, and to stop hoping for a Nobel. Right?

[ua_guy]

I'm not defending them - just trying to make sense of why they'd upend the global economy and risk a bump in inflation before a sensitive midterm election.

That's rich. It's all right there in front of everyone. Does anyone really, actually, wonder at this point?

[james.hendrickson]

Well, UA_Guy, what should a small investor do? Diversify, right? That seems like the best tool at this point.

[Fishindude77]

Nobody here is blaming the one guy at the top for personal financial problems, but nice straw man you've got there. But you can imagine how a smartly diversified portfolio could grow with an actually good economy and without choice global conflict with no real end game. You can imagine what $1 Billion per day in our taxpayer money could go to instead of blowing up elementary schools and hospitals in the middle east and f*cking our own energy prices. Also think how nice it would be not to wake up every day and wonder what the senile old pedophile did or said while the rest of us were trying to get some sleep.

And, the one guy at the top right now promised no new wars. Maybe it's time to throw that Fifa peace prize in the garbage, and to stop hoping for a Nobel. Right?

Seems like you are pretty much blaming one guy. It comes out clearly in nearly every post.

[ua_guy]

Seems like you are pretty much blaming one guy. It comes out clearly in nearly every post.

Doesn't matter if I do. And are you going to be mad because I hate liars and cheats and that I'm willing to speak truth when it comes to financial matters? I mean, what above do you disagree with?