The next recession

[Milltown Row2]

Drove by two petrol stations about 15 mile apart today.

One was 190.9 and the other was 154.9 for Diesel.

190.9!! is it special diesel?

[Average Score]

Folk are greedy bastards shock!

[toby47]

Drove by two petrol stations about 15 mile apart today.

One was 190.9 and the other was 154.9 for Diesel.

190.9!! is it special diesel?

Standard diesel, madness. Would genuinely be shocked if they've sold 1 litre at that price.

[Rossfan]

€1.96.9 and €1.99.9 per litre for diesel locally .
Heard it's up to €2.06.9 in places to the East of us.

[seafoid]

https://www.ft.com/content/169e54db-d913-4527-bd43-97cdf934e93a

European natural gas prices rose as much as 33 per cent to €285 a megawatt hour after Russia warned that it could cut off supplies to the region in response to western sanctions. Futures linked to TTF, the region's wholesale gas price, later fell back to about €213. A year ago, these contracts traded at about €16.

[manfromdelmonte]

200.00 everywhere around town this evening

Was 188.00 on my travels this morning

[seafoid]

https://www.ft.com/content/169e54db-d913-4527-bd43-97cdf934e93a

gold rose 2.4 per cent to $2,045 a troy ounce. The haven asset had topped the $2,000 threshold in the previous session for the first time since August 2020.

[seafoid]

Things may get a lot worse before they get worse

   https://www.ft.com/content/2c2fe5a8-f9a4-4c38-bd61-030a88aea4da

   The head of Volkswagen, Europe's largest carmaker, has warned that a prolonged war in Ukraine risks being "very much worse" for the region's economy than the coronavirus pandemic.

The interruption to global supply chains "could lead to huge price increases, scarcity of energy and inflation", Herbert Diess, chief executive of the German carmaker, told the Financial Times. "It could be very risky for the European and German economies."

[maddog]

Things may get a lot worse before they get worse

   https://www.ft.com/content/2c2fe5a8-f9a4-4c38-bd61-030a88aea4da

   The head of Volkswagen, Europe's largest carmaker, has warned that a prolonged war in Ukraine risks being "very much worse" for the region's economy than the coronavirus pandemic.

The interruption to global supply chains "could lead to huge price increases, scarcity of energy and inflation", Herbert Diess, chief executive of the German carmaker, told the Financial Times. "It could be very risky for the European and German economies."

Heard yesterday that BMW place in midlands (Hams Hall) has gone on shut down because its main line of parts supply a factory in Ukraine ceased to exist this week.

[seafoid]

Apple shares were at 182 on 3 January. They were at 138 yesterday.
It's all mechanical. The discount rate used to value the shares went from 1% to 2.5% because the Fed is fighting inflation.
The Fed is fighting inflation by raising interest  rates.

If the discount rate goes to 5% the share price would be expected to fall to 90.
At 7% the share price would be 65.

It will work in reverse when inflation has been extinguished. Say you buy the shares at 65. They might go back to 182

[rosnarun]

Apple shares were at 182 on 3 January. They were at 138 yesterday.
It's all mechanical. The discount rate used to value the shares went from 1% to 2.5% because the Fed is fighting inflation.
The Fed is fighting inflation by raising interest  rates.

If the discount rate goes to 5% the share price would be expected to fall to 90.
At 7% the share price would be 65.

It will work in reverse when inflation has been extinguished. Say you buy the shares at 65. They might go back to 182

it for this reason Joing the euro has had capped Ireland so much in relation to Inflation .
The ECB keep rates to suit the large economies and this leave us defenseless and cost us billions.
All because people cant be arse going to a bureau de change in spain on their holidays 

[Rossfan]

?

[seafoid]

https://www.belfasttelegraph.co.uk/business/northern-ireland/cost-of-living-concerns-likely-behind-129-decline-in-footfall-for-ni-shopping-centres-41716342.html

Northern Ireland shopper numbers were lower in May than in April, with concerns that the cost-of-living crisis is affecting spending habits, according to a report today .

The data from the Northern Ireland Retail Consortium and Sensormatic IQ, which compares footfall with the pre-pandemic figures of 2019, showed it had declined by 12.9% in May, which was 1.2 percentage points worse than April.

It was also steeper than the UK average decline of 12.5% on 2019.

Households are struggling with soaring energy prices and inflation of 9%, which may now be affecting discretionary spending. Shopping centre footfall in Northern Ireland had slumped by 12.8% compared to May 2019, which was worse than a decline of 12.4% in April.

[Milltown Row2]

Wants the online shopping market like?

[seafoid]

https://www.ft.com/content/64295857-45a5-4885-a2a9-344e7f249761

According to estimates published by the Fed on Friday, which are purely based on theoretical policy rules the central bank uses as guideposts but does not "mechanically" follow, interest rates should be between 4 and 7 per cent given the current economic backdrop.