US Economy - News, Updates and Discussion

[j_hungary]

It's just regular ground beef. 85% lean. And I am surrounded by cattle ranches here.

Beef prices continue to trend upwards.

So it's similar then, we don't sell 85/15 beef here, it's either 90 or 95 if you want to be qualified for "lean", regular beef mince they sold are around 80/20

Calories in Woolworths Beef Mince Calcount Calorie Counter

Calories in Woolworths Beef Mince Calcount Calorie Counter

www.caloriecounter.com.au

 

[Ali_Baba]

Record close today for the Dow, stocks are flying

and so are food prices as discussed here, not that you care.

 

[AZ_HighCountry]

and so are food prices as discussed here, not that you care.

As I've said before, he only looks at what aligns with his perceptions. Meanwhile, this is even more concerning:

• Building permits for single-family housing units have declined 2.6%
• Housing starts have fallen 2.8% MoM
• Home ownership rate has dropped
• New home sales down from the previous month
• Mortgage rates have increased by 10 basis points for the week ending May 15th

School sessions in the US are wrapping up for the school year across the US. This is the normal start for families looking to buy a new home. That is clearly slowing.

 

[Ali_Baba]

As I've said before, he only looks at what aligns with his perceptions. Meanwhile, this is even more concerning:

• Building permits for single-family housing units have declined 2.6%
• Housing starts have fallen 2.8% MoM
• Home ownership rate has dropped
• New home sales down from the previous month
• Mortgage rates have increased by 10 basis points for the week ending May 15th

School sessions in the US are wrapping up for the school year across the US. This is the normal start for families looking to buy a new home. That is clearly slowing.

Basically this ...

 

[AZ_HighCountry]

The stock market will close at yet another record high today.

 

[Fatman17]

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[Fatman17]

The stock market will close at yet another record high today.

OIL 🛢

 

[AZ_HighCountry]

OIL 🛢

Nice to be energy dominant.

 

[F-22Raptor]

Brent crude back under $100

 

[AZ_HighCountry]

Brent crude back under $100

That is for July contracts. I'm surprised to see you didn't post that Oct. contracts are $88.98.

The average US consumer does not care. What they care about is the price they pay at the pump today. Everything is riding on the outcome of the current negotiations with Iran. As it is, gasoline and diesel prices are forecast to remain high through the end of the year.

Meanwhile, the housing market is forecast to remain nominally flat for this year. Not a good sign especially since building permits for new single-family homes have dropped.

Food prices continue to increase with a year-on-year increase of 3.2% for the month ending in April. Conflict-related global supply chain issues are one of the key contributors along with increased labor costs as well as diseases affecting crops and livestock.

 

[Davey Crockett]

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[AZ_HighCountry]

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I'd like to know who the real forces behind Black Rock are.

 

[AZ_HighCountry]

We've known this for several months. Home prices in the PHX metro area continue to slide:

These 5 cities are seeing big home price cuts

Five housing markets led the nation in price cuts in April 2025, with some seeing reductions on nearly one-third of listings amid weak buyer demand.

www.foxbusiness.com

 

[Davey Crockett]

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[Eşbah]

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This is insane. Is nobody in the US scared about this development?