US Economy - News, Updates and Discussion

[F-22Raptor]

-Brent crude down to $93.
- $3.95 gas at my local station this morning

 

[F-22Raptor]

LOL.....55,000 of those jobs were in local government.

Leisure & hospitality - 70,000. You are aware this is now the summer vacation season and many of those jobs are seasonal in nature.

From one of the articles I am reading:

View attachment 200282

That puts a little more perspective on things.

3 month trend line points to strong growth

 

[F-22Raptor]

 

[AZ_HighCountry]

Not a very useful chart. Planting season in the US has passed. The increased costs of fertilizer will impact the fall harvest.

 

[AZ_HighCountry]

3 month trend line points to strong growth

Trend lines are only as good as the data being used. I can cherry pick too and make things look rosy.

 

[F-22Raptor]

SpaceX IPO today, $2.2T market cap

 

[F-22Raptor]

US stocks soaring to record highs

 

[AZ_HighCountry]

Am not surprised. Markets like stability.

Now, let's see what happens in about 4-5 weeks regarding the warnings about gasoline supplies.

 

[F-22Raptor]

Brent crude down to $79, lowest since March

 

[F-22Raptor]

US Retail Sales Rose in Broad Advance Despite Higher Gas Prices​

US consumers ramped up spending in May across a broad range of retailers, signaling households powered ahead despite higher gasoline prices.

The value of retail purchases rose 0.9%, marking a fourth straight month of increases, Census Bureau data showed Wednesday. The figures aren’t adjusted for inflation.







Strong retail sales in May, the US economy is booming. Irans attempt to harm the US economy has been a huge failure.

 

[VCheng]

Am not surprised. Markets like stability.

Now, let's see what happens in about 4-5 weeks regarding the warnings about gasoline supplies.

Gas around here is still about $4.40 for regular and $4.90 for premium.

 

[AZ_HighCountry]

Gas around here is still about $4.40 for regular and $4.90 for premium.

$4.59 and $4.99 respectively here.

 

[F-22Raptor]

The US economy is absurdly resilient and dynamic.

 

[VCheng]

$4.59 and $4.99 respectively here.

Yup, the good old old "up like a rocket, down like a feather" approach. It is going to be an expensive driving summer.

 

[AZ_HighCountry]

The US economy is absurdly resilient and dynamic.

Stop with the embellishments.