King Samson
I'm Here
So, the "average" in PA is higher than the average I posted above. This shows that there is definitely a range, depending where you live and how you live.
ECON FUNG RED *.*Economic Implications Concerning The Closing of the Strait of Hormuz
- Thread starter doctor_fungcool
- Start date
Hognutz
TB Fanatic
R/T 2 min.
View: https://twitter.com/chrismartenson/status/2080704982320353504?s=61
The United States is about to unleash the worst catastrophe ever on economies and financial markets.
Click here to read the full report behind what Tucker and I discussed: peakprosperity.pulse.ly/3iv4nhcpqw
View: https://twitter.com/chrismartenson/status/2080704982320353504?s=61
The United States is about to unleash the worst catastrophe ever on economies and financial markets.
Click here to read the full report behind what Tucker and I discussed: peakprosperity.pulse.ly/3iv4nhcpqw
jed turtle
a brother in the Lord
IF… the US discombobulates Iran and releases the Iranian people from their captivity, it could be the beginning of a major transformation of the Middle East for at least several decades…
Hfcomms
EN66iq
Off Topic ; (but sometimes it has to be interjected....) I certainly don't see that in the scriptures during the last days.
On Topic; The Middle East has been at war for centuries and the collective west trying to impose anything on them has been an abject failure.
King Samson
I'm Here
Let's see:
Is Chris Martenson economic information accurate
Chris Martenson's economic information is often considered insightful, particularly regarding energy and resource depletion, but it is important to verify his claims with additional sources for accuracy. His perspectives on the economy, energy, and environment have sparked discussions, but they may not always align with mainstream economic views.
Conclusion
Chris Martenson's economic information is insightful, particularly regarding energy and resource issues. However, due to the complexity of economic systems, it is advisable to cross-reference his claims with other reputable sources for a more comprehensive understanding.But wait... there's More!!
Sign up for his Peak Insider newsletter... It's only $99 a month... Quick, time is running out!!
And, you get the ShamWow cleaning cloth, at no extra charge!!!
King Samson
I'm Here
Oh my, this is even worse:
Detailed Report
Bias Rating: RIGHT CONSPIRACY-PSEUDOSCIENCE
Factual Reporting: LOW
Country: USA
MBFC’s Country Freedom Rank: MOSTLY FREE
Media Type: Website
Traffic/Popularity: Minimal Traffic
MBFC Credibility Rating: LOW CREDIBILITY
Peak Prosperity - Bias and Credibility
CONSPIRACY-PSEUDOSCIENCE Sources in the Conspiracy-Pseudoscience category may publish unverifiable information that is not always supported by evidence.
mediabiasfactcheck.com
King Samson
I'm Here
Why?
Plain Jane
Just Plain Jane
$101,000 is average. There are a few wealthy people that drag the numbers up. $77,000 is the median which sounds about right to me. And that $24,000 gap is a whole other lifestyle.
King Samson
I'm Here
Remember, it's the whole Eastern side of the state, that drags the average up. There's a lot of wealthy counties in that area.
King Samson
I'm Here
Pennsylvania Family Income Data
- The average family income for Pennsylvania is $130,780.
- The median family income for Pennsylvania is $100,262.
Family income reflects the combined income of all earners in a family unit. Single-person households are not included in this calculation, as family income specifically refers to households with more than one person. Get help in the Median versus Average section to decide which statistic is best for your purposes.
Pennsylvania Retirement Income
- The total average retirement income in Pennsylvania is $54,136, which consists of $29,353 from retirement income and $24,783 from Social Security income.
Retirement income includes not only regular payments from pensions and retirement accounts like 401(k)s or IRAs but also survivor benefits for spouses or children of deceased individuals and disability pensions for those unable to work due to a disability. Social Security income includes payments from Social Security and U.S. railroad retirement pensions, survivor benefits, and disability insurance from the Social Security Administration, but excludes Medicare reimbursements.
Pennsylvania Income Statistics | Current Census Data for Pennsylvania Zip Codes
Access current US Census income data for Pennsylvania ZIP codes. Compare stats with neighboring ZIP codes, counties, and cities today.
www.incomebyzipcode.com
hiwall
Has No Life - Lives on TB
No human can ever know the future.Let's see:
Is Chris Martenson economic information accurate
Chris Martenson's economic information is often considered insightful, particularly regarding energy and resource depletion, but it is important to verify his claims with additional sources for accuracy. His perspectives on the economy, energy, and environment have sparked discussions, but they may not always align with mainstream economic views.
kripalu.org
richdad.com
Conclusion
Chris Martenson's economic information is insightful, particularly regarding energy and resource issues. However, due to the complexity of economic systems, it is advisable to cross-reference his claims with other reputable sources for a more comprehensive understanding.
University of California San Diego
But wait... there's More!!
View attachment 613176
Sign up for his Peak Insider newsletter... It's only $99 a month... Quick, time is running out!!
View attachment 613177
And, you get the ShamWow cleaning cloth, at no extra charge!!!
Thousands make many predictions and occasionally a few of those predictions even sometimes come true.
People cannot even predict their own personal future.
That said, I think it is a good idea for everyone to make their own best guess at what the future will hold and take whatever actions now that they feel will help them in that future.
Still it is just a guess. And any actions taken will mostly be just for their peace of mind. Which is still a good thing.
And the size
King Samson
I'm Here
Why are people so upset with oil prices? They're actually still lower then they were a few short months ago:
Oh wait... I know... Because the media has told them to be upset, and actually ignore reality:
This polling was conducted by Public First from July 12 to July 15 and it included surveys of 2,061 U.S. adults online. Analysis of the results and pricing data from OPIS showed that three in five Americans think gas prices have risen in their area more than they have.
While AAA’s national gas price data shows that per-gallon prices this week compared to last year are less than $1 higher. During the polling, roughly one I four Americans said gas in their local area was up $3 or more. POLITICO said that its analysis revealed that no zip code in the country has seen gas prices increase by that much since President Donald Trump took office last year.
Trump’s loyal Make America Great Again (MAGA) voter base more likely to underestimate prices at the pump compared to non-MAGA Republicans, and Democrats were more likely to report higher gas prices. However, overestimation of gas prices was observed among members of both parties – around 70% of people who voted for former Vice President Kamala Harris voters in the 2024 election and 54% of Trump voters overestimated the increase in gas prices in their area, according to POLITICO’s analysis.
Even if prices do come down again, POLTICO noted that the public is slow to believe that prices are getting lower.
Oh wait... I know... Because the media has told them to be upset, and actually ignore reality:
Poll: 3 in 5 Americans think gas prices are higher than they are
Even before average national gas prices again creeped higher than $4 per gallon this week, most Americans already thought they had gone up higher than they actually had, POLTICO polling found.This polling was conducted by Public First from July 12 to July 15 and it included surveys of 2,061 U.S. adults online. Analysis of the results and pricing data from OPIS showed that three in five Americans think gas prices have risen in their area more than they have.
While AAA’s national gas price data shows that per-gallon prices this week compared to last year are less than $1 higher. During the polling, roughly one I four Americans said gas in their local area was up $3 or more. POLITICO said that its analysis revealed that no zip code in the country has seen gas prices increase by that much since President Donald Trump took office last year.
Trump’s loyal Make America Great Again (MAGA) voter base more likely to underestimate prices at the pump compared to non-MAGA Republicans, and Democrats were more likely to report higher gas prices. However, overestimation of gas prices was observed among members of both parties – around 70% of people who voted for former Vice President Kamala Harris voters in the 2024 election and 54% of Trump voters overestimated the increase in gas prices in their area, according to POLITICO’s analysis.
Even if prices do come down again, POLTICO noted that the public is slow to believe that prices are getting lower.
King Samson
I'm Here
Back down, we go...
coalcracker
Veteran Member
PA is both politically and economically hard to generalize. We have some seriously low-income areas, and we have some really affluent enclaves. Best to consider Philly and its suburbs as part of the I-95 liberal corridor. Call it New Jersey, or Baltimore/DC. It's all the same slimy metropolis. The attitudes/incomes there have now infiltrated North through the Lehigh Valley and West out toward Lancaster. The rest of PA (except for State College and Allegheny County/Pittsburgh) are more similar to West Virginia and upstate New York. Blue-collar, gun-toting, good ole boys in beat-up pickup trucks wearing Nascar t-shirts and flying Trump flags. PA is like Yugoslavia/the Balkans. It's not a single state, except of course on paper.
Repairman-Jack
Veteran Member
Erie also leans left looking at past few elections.
Allegheny Co is racing for the bottom, pushing for businesses to pay for 18 weeks of maternity leave and a $1.4 billion unfunded liability in pensions. That's what you get with an AWFUL trying to steer.
Saudi Aramco has officially shut down its Jazan oil refinery, removing 400,000 bpd capacity from the market following the Houthi attack on Saturday
The Hormuz Letter (@HormuzLetter) on X
per Reuters citing an IIR note. The oil market is completely disconnected from reality.
King Samson
I'm Here
Yet you still keep coming back. What's up with that?
Plain Jane
Just Plain Jane
No Rate-Change Sparks 3 Dissents As Warsh Fed Delivers Biggest 'Non-Cut' Surprise In Decades<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
No Rate-Change Sparks 3 Dissents As Warsh Fed Delivers Biggest 'Non-Cut' Surprise In Decades
by Tyler DurdenWednesday, Jul 29, 2026 - 02:00 PM
Tl;dr: The Fed held rates unchanged, delivering the biggest surprise "non-cut" to the market in decades. Three dissenters wanted a rate-hike, clearly signaling the direction of travel and confirming this decision as a "hawkish hold" though arguably only marginally.
* * *
Since the last FOMC meeting on June 17th (Kevin Warsh's first as Fed Chair), a lot has happened, with the Iran war re-erupting driving oil prices and the dollar higher, while stocks (momo/semis meltdown), bonds, gold, and bitcoin are all lower...
Since the last FOMC meeting on June 17th (Kevin Warsh's first as Fed Chair), a lot has happened, with the Iran war re-erupting driving oil prices and the dollar higher, while stocks (momo/semis meltdown), bonds, gold, and bitcoin are all lower...
Both growth and inflation macro data has surprised to the downside...
But, oil's resurgence has pushed rate-hike odds significantly higher...
But, this will still be one of the first Fed meetings in years where the market does not have at least 80% confidence in what the committee will do...
One way or another, this will be the largest "non-cut" surprise in decades.
As we detailed earlier, since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of 2.4 basis points the day before the central bank’s announcement, according to a note from Ian Lyngen, head of US rates strategy at BMO Capital Markets.
Jonathan Pingle, chief US economist at UBS, said he hasn’t felt this uncertain about an imminent Fed rate decision in 20 years, back when Ben Bernanke became Fed chair.
A lack of a track record by Warsh and recent divisions among Fed officials are further clouding the outlook, he said, not ruling out a scenario where Warsh is the one who casts the deciding vote.
Remember, there are/were 9 members of the committee that saw hikes this year...
Most pundits and sell-side analysts see the central bank leaving rates on hold - especially since last month's inflation reports came well below expectations, and there are no dots or forecasts to update this month.
So, with the market pricing a one-third chance of a hike today, what did The Fed decide?
- *FED VOTES 9-3 TO HOLD BENCHMARK RATE IN 3.5%-3.75% RANGE
- *FED: HAMMACK, KASHKARI AND LOGAN DISSENT IN FAVOR OF RATE HIKE
- *FED REPEATS ECONOMIC ACTIVITY IS EXPANDING AT A SOLID PACE
- *FED REPEATS COMMITTEE WILL DELIVER PRICE STABILITY
- *FED REPEATS JOB GAINS HAVE KEPT PACE WITH WORKFORCE
And that may prove helpful to Warsh if he aims to tamp down inflation pressures.
Read the redline below (not much changed)...
Plain Jane
Just Plain Jane
US Markets Market close
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| US 10-YR | 4.677 | +0.073 | +1.586 |
| EUR/USD | 1.145 | +0.006 | +0.562 |
| *GOLD | 4,067.2 | +28.5 | +0.71 |
| *OIL | 84.92 | +5.66 | +7.14 |
| NASDAQ | 24,442.942 | -433.97 | -1.74 |
| S&P 500 | 7,316.4 | -112.38 | -1.51 |
| DJIA | 51,603.18 | -1,144.14 | -2.17 |
| VIX | 20.42 | +2.21 | +12.14 |
Stock Indexes
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| *NYSE | 23,943.72 | -285.95 | -1.18 |
| UTIL | 1,141.06 | -14.52 | -1.26 |
| *RUSS 2K | 2,908.636 | -45.165 | -1.53 |
| TRAN | 21,463.9 | -425.17 | -1.94 |
| NASDAQ 100 | 27,192.306 | -570.828 | -2.06 |
Commodities
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| *SOYBEAN | 1,191.5 | -28.5 | -2.34 |
| *WHEAT | 660 | -2.5 | -0.38 |
| *SILVER | 57.985 | +0.456 | +0.79 |
| *CORN | 471 | -9.5 | -1.98 |
| *NAT GAS | 2.72 | +0.058 | +2.18 |
| *RBOB GAS | 3.392 | +0.058 | +1.74 |
| *ULSD HO | 4.368 | +0.217 | +5.22 |
| *COPPER | 6.358 | -0.002 | -0.02 |
Treasurys
| SYMBOL | YIELD | CHANGE |
|---|---|---|
| US 1-MO | 3.66 | -0.038 |
| US 3-MO | 3.782 | -0.072 |
| US 6-MO | 3.96 | -0.074 |
| US 1-YR | 4.028 | -0.054 |
| US 2-YR | 4.24 | -0.037 |
| US 10-YR | 4.675 | +0.071 |
| US 30-YR | 5.205 | +0.109 |
Currencies
Plain Jane
Just Plain Jane
I bolded the part that I thought was important.
www.cnbc.com
Hugh Leask
Lee Ying Shan
Alex Harring
A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting as traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026.
Michael Nagle | Bloomberg | Getty Images
Stocks tumbled for a myriad of reasons Wednesday, but mostly because the bond market signaled the Federal Reserve could be falling behind in the inflation fight as the central bank chose to keep interest rates unchanged.
The Dow Jones Industrial Average closed 1,152 points lower, or 2.2%, for its worst decline since April 2025. The S&P 500 slid 1.5%. The Nasdaq Composite fell 1.7%.
The Fed kept to the sidelines in its latest rate decision and the bond market responded with the 10-year Treasury yield jumping 6 basis points to above 4.66%. The 30-year Treasury yield soared 10 basis points to above 5.2%, hitting its highest level since 2007.
While three officials wanted a hike, the Fed still stood pat on rates. And Fed Chair Kevin Warsh’s tough talk failed to convince the bond market.
“I want to stress, of course, that decisions by this committee matter a great deal, and where necessary and appropriate, we will not hesitate to act,” Warsh said during his press conference.
Dow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates
The Dow fell for the first day in four as Fed Chairman Kevin Warsh's comments on rates and inflation failed to soothe investors.
www.cnbc.com
Dow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates
Sarah MinHugh Leask
Lee Ying Shan
Alex Harring
A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting as traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026.
Michael Nagle | Bloomberg | Getty Images
Stocks tumbled for a myriad of reasons Wednesday, but mostly because the bond market signaled the Federal Reserve could be falling behind in the inflation fight as the central bank chose to keep interest rates unchanged.
The Dow Jones Industrial Average closed 1,152 points lower, or 2.2%, for its worst decline since April 2025. The S&P 500 slid 1.5%. The Nasdaq Composite fell 1.7%.
The Fed kept to the sidelines in its latest rate decision and the bond market responded with the 10-year Treasury yield jumping 6 basis points to above 4.66%. The 30-year Treasury yield soared 10 basis points to above 5.2%, hitting its highest level since 2007.
While three officials wanted a hike, the Fed still stood pat on rates. And Fed Chair Kevin Warsh’s tough talk failed to convince the bond market.
“I want to stress, of course, that decisions by this committee matter a great deal, and where necessary and appropriate, we will not hesitate to act,” Warsh said during his press conference.
King Samson
I'm Here
Oil back down below $80..... the ride continues:
Hognutz
TB Fanatic
View: https://twitter.com/greg16676935420/status/2084353693802193347?s=61
BREAKING: The U.S. and Iran have agreed to announce that they’re close to announcing they’re preparing to announce a deal
BREAKING: The U.S. and Iran have agreed to announce that they’re close to announcing they’re preparing to announce a deal
Zagdid
Veteran Member
View: https://twitter.com/i/status/2084267224290734253
GLOBAL COMMODITY PRICES ARE SURGING
Since the start of the year:
Rice +45%
Cotton +27%
Wheat +25%
Wool +21%
Rubber +20%
Cheese +16%
Tea +15%
Sunflower Oil +15%
Palm Oil +15%
Lumber +14%
Soybeans +13%
Energy prices are also rising:
Gasoline
Diesel
Heating Oil
Jet Fuel
Crude Oil
Higher commodity and energy prices today often become higher food, transportation, and consumer prices tomorrow.
Watch your grocery bill.
GLOBAL COMMODITY PRICES ARE SURGING
Since the start of the year:Rice +45%
Cotton +27%
Wheat +25%
Wool +21%
Rubber +20%
Cheese +16%
Tea +15%
Sunflower Oil +15%
Palm Oil +15%
Lumber +14%
Soybeans +13%
Energy prices are also rising:
Gasoline
Diesel
Heating Oil
Jet Fuel
Crude Oil
Higher commodity and energy prices today often become higher food, transportation, and consumer prices tomorrow.
Watch your grocery bill.
West
Senior
Also copper, has been at all time highs for the past few months.View: https://twitter.com/i/status/2084267224290734253
GLOBAL COMMODITY PRICES ARE SURGING
Rice +45%
Cotton +27%
Wheat +25%
Wool +21%
Rubber +20%
Cheese +16%
Tea +15%
Sunflower Oil +15%
Palm Oil +15%
Lumber +14%
Soybeans +13%
Energy prices are also rising:
Gasoline
Diesel
Heating Oil
Jet Fuel
Crude Oil
Higher commodity and energy prices today often become higher food, transportation, and consumer prices tomorrow.
Watch your grocery bill.
Copper Price Today | Price of Copper Per Ounce | 24 Hour Spot Chart | KITCO
Live Copper Charts and Copper Spot Price from International Copper Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
www.kitco.com
Thinking the canary could be a more reddish in color than a typical yellow one.
Zagdid
Veteran Member
Copper like diesel fuel is seeing demand outpacing supply capabilities worldwide. Tariffs are a factor also.Also copper, has been at all time highs for the past few months.
Copper Price Today | Price of Copper Per Ounce | 24 Hour Spot Chart | KITCO
Live Copper Charts and Copper Spot Price from International Copper Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
Thinking the canary could be a more reddish in color than a typical yellow one.
This is related;
View: https://twitter.com/i/status/2083611492167852410
The sulfuric acid shortage caused by the Iran war is now threatening commodity production.
Sulfuric acid is essential for processing ores into metals. The market was already tight, with prices up ~500% even before the conflict.
The Middle East accounts for ~24% of global sulfur production, and producers typically hold only a few weeks to 2 months of supply.
Without sulfuric acid, production drops.
- ~20% of global copper
~50% of uranium
- ~30% of nickel production
Depend directly on it.
But mining isn't the only sector competing for supply.
Around 60% of global sulfuric acid is used to produce phosphate fertilizers. Without it, fertilizer production falls, putting food production at risk.
To protect domestic industries, countries including Russia, Kazakhstan and Turkey have imposed sulfur export restrictions, squeezing an already tight market.
With critical energy infrastructure being destroyed, these shortages won’t disappear even if the Strait is reopened... they will persist.
King Samson
I'm Here
And in other, non doom and gloom, oil and gas down significantly:
Zagdid
Veteran Member
View: https://twitter.com/i/status/2084258278171685102
Oil prices might be down 9%... but Brent for prompt delivery is up 20%.
The market is paying a ~$13 premium for oil right now rather than 6 months from now.
In other words, they are flooding the market with paper barrels while physical barrels remain in short supply.
Oil prices might be down 9%... but Brent for prompt delivery is up 20%.
The market is paying a ~$13 premium for oil right now rather than 6 months from now.
In other words, they are flooding the market with paper barrels while physical barrels remain in short supply.
doctor_fungcool
TB Fanatic
A Slice of Doom
The iron bell forgets to toll,
The river turns to lead,
A quiet frost takes hold of time
Before the spark is dead.
No thunder shakes the hollow sky,
No lightning splits the dark;
Just silence walking through the door
To leave its heavy mark.
The iron bell forgets to toll,
The river turns to lead,
A quiet frost takes hold of time
Before the spark is dead.
No thunder shakes the hollow sky,
No lightning splits the dark;
Just silence walking through the door
To leave its heavy mark.
doctor_fungcool
TB Fanatic
o.t. about market tops
“Doom and market tops” usually refers to the idea that extreme pessimism can show up near market bottoms, while euphoric optimism often appears near market tops. Recent market commentary reflects both sides: one piece argues that “doom” headlines can coexist with a still-rising bull market, while another notes that overly euphoric breadth readings can coincide with meaningful tops "
Grok
“Doom and market tops” usually refers to the idea that extreme pessimism can show up near market bottoms, while euphoric optimism often appears near market tops. Recent market commentary reflects both sides: one piece argues that “doom” headlines can coexist with a still-rising bull market, while another notes that overly euphoric breadth readings can coincide with meaningful tops "
Grok
bracketquant
Has No Life - Lives on TB
Rice up 45% in a bit over 6 months.View: https://twitter.com/i/status/2084267224290734253
GLOBAL COMMODITY PRICES ARE SURGING
Rice +45%
Cotton +27%
Wheat +25%
Wool +21%
Rubber +20%
Cheese +16%
Tea +15%
Sunflower Oil +15%
Palm Oil +15%
Lumber +14%
Soybeans +13%
Energy prices are also rising:
Gasoline
Diesel
Heating Oil
Jet Fuel
Crude Oil
Higher commodity and energy prices today often become higher food, transportation, and consumer prices tomorrow.
Watch your grocery bill.
That doesn't sound good for the poor, as rice is the major caloric intake for over half of the world's population.
Here, for one single source of long grain white rice, it's gone from 0.60/lb to 0.65/lb in that 6+ months. However, all other sources that I've seen are at a minimum of very close to $1/lb. Surprisingly, brown rice hasn't moved, still at about 0.90/lb buying at the lowest local price. I don't ever recall brown rice cheaper than white rice.
I think it's about time for me to add a few 20 lb bags of white rice to the pantry. My back has a disagreement with the 50 lb bags.
Zagdid
Veteran Member
View: https://twitter.com/i/status/2084530793343308175
ARAMCO: WHEN HORMUZ REOPENS, 18 MTHS TO REFILL GLOBAL STOCKS
ARAMCO: WHEN HORMUZ REOPENS, 18 MTHS TO REFILL GLOBAL STOCKS
King Samson
I'm Here
OMG.... Rice up 0.05 cents per pound, or even up to $1/lb.... Run... we're going to have a major economic meltdown and a Depression, as no one will be able to afford those costs, and will starve!!!
Run!!!!
King Samson
I'm Here
Hormuz has been open, to select ships... just not to Iranian ships... 25 ships passed through today.
