Good morning, and Happy Thanksgiving.
Oil prices somehow moved up on Tuesday, despite President Biden’s announcement that the Strategic Petroleum Reserve would be tapped, bringing 50 million barrels of oil onto the market on top of additional releases so far.
The problem? While that number sounds impressive, markets were pricing in 100 million barrels instead to really shock the market. The move was small enough to earn a mocking note from Goldman Sachs (GS), which continues to see oil prices rising into 2022 on rising global demand, without even adding in factors such as inflation. Prepare for more pain at the pump, and higher prices for fossil fuel companies going into next year.
Now here’s the rest of the news:
The Era of Shortages Is Unravelling the Old American Dream –Hillary Hoffower and Juliana Kaplan, Business Insider
America is running out of everything in 2021: houses, workers, and all kinds of goods. It’s caused the American Dream, driven by consumerism, to come apart at the seams… [Read Here]
November 25, 2020
Stocks decided that positive vaccine news is more important than the economic restrictions occurring given the rising numbers of Covid-19 cases. In a typical year, the period from Thanksgiving to New Year’s is one of the best times to be in the market. Stocks tend to head higher on light volume amidst holiday cheer.
It would be foolish to think that this year would follow that trend perfectly. But given that we just had a bear market in March, the odds of another massive pullback are unlikely. Tread lightly this holiday season, and look to the latest lock-down news as a clue for the market’s next big swing. But so far, we’re on track for a traditional year-end holiday rally.
Now here’s the rest of the news:
Homicide Rates in 2020 are Surging to a 24-Year High. It’s Another Sign of a Failing Regime.
When the public sees the state as ineffective at maintaining peace, order, and some semblance of justice, violence becomes more widespread…
November 25, 2019
“Here’s What Everyone Around You Is Thinking”
Fact is … people aren’t thinking about you! 🙂
November 25, 2018
Do You Sabotage Your Own Goals?
Psychological reactance is our knee-jerk negative reaction to being told what to do. It’s why, when you were a teenager and your mother told you to put on your jacket, you didn’t do so – just ’cause. Only later, as you heard your teeth chattering in the cold, did you concede that you should have taken Mom’s advice.
It’s why you bristle when your manager asks you to do a task, even though you know, when you think about it logically, that the task is critical.
Almost everyone has this negative mental reflex. It kicks in whenever we sense that our autonomy is being threatened. This isn’t inherently bad — if people are to compliant, they’re vulnerable to manipulation. But psychological reactance can, at times, prevent us from doing things that we should do, sometimes even things we want to do. Most alarmingly, it can lead to self-sabotage.
How? That knee-jerk impulse of “Don’t tell me what to do!” can kick in even when it’s you telling yourself what to do.
This is common when you’re trying to make commitments and follow through on them by building a schedule. You may have scheduled time for something that you legitimately want to do — say, work out or read a nonfiction book.
But when it comes time to do those things per your schedule, you might feel a bit of reactance. This happens because, at that moment, it doesn’t feel as though you’re deciding what to do. Rather, it’s you from the past giving orders to your present self. Ugh, who does that guy think he is?
Psychologists tell us this paradox is why we can often be hypocrites — we say we’ll do something, but when the time comes, we don’t.
Fortunately, now that you understand the theory of psychological reactance, you can lessen its power. Instead of flaking on commitments because of a knee-jerk feeling, you can change your perspective on the situation.
Here’s a trick: To disarm psychological reactance, change the way you talk to yourself. Instead of thinking you “have to” do something, tell yourself you “get to” or even “deserve to” do it.
By changing the dialogue, you empower yourself. Now you’re in charge. You’re not being told what to do — you’re choosing to make time for something that matters to you.
Your freedom isn’t being threatened; it’s being exercised.
Combating psychological reactance takes practice, but it’s worth learning how to deal with this uncomfortable feeling that all too often leads us off track.
Try changing the way you deal with reactance and, until then, whatever you do, don’t share this article.
To You, Change That Up!