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Re: Denn55 post# 70311

Tuesday, 11/05/2024 7:19:09 AM

Tuesday, November 05, 2024 7:19:09 AM

Post# of 71684
Inflation started under the previous administration. 8 months of screwups on covid shut down the U.S. economy and the entire world economy. We came out of covid with huge demand and stunted supply. You just do not flip a switch and open up closed oil wells. The supply chain was a disaster. So, yes we had inflation due to supply/demand imbalance. It took time but the following administration fixed things. Inflation is down, closing in on 2%. Wages are UP out pacing inflation. I posted what the U.S. Chamber of Commerce has said. We have been producing more crude oil and natural gas the last two years then the highest production during the previous administration. Click on the link I provided. All my info is coming from the private sector. As for "low paying jobs", those are usually filled by the "unskilled" workers or young people entering the work force. Skilled workers are getting paid very well. Older people with high skill levels that have retired are being asked to come back to work. A good friend has been retired 14 years. In 2023 he told me he received 6 calls to come back into the work force. This year 4 calls. He is 78 years old. As the Chamber of Commerce stated, "If every unemployed worker took a job tomorrow there would still be thousands of jobs going unfilled." And the best thing for all of us, the stock market is doing very well. My IRA is UP about 20% this year. Companys have record earnings. As interest rates fall things will get even better. HNRC is a penny play with a great deal of risk. I've already spent more time on this board then I should. Here is some good advice. "IF" you think HNRC is a trash company/stock move on. I'll let my 50K shares bought just under a penny ride. HAWK
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