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]

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[AZ_HighCountry]

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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]

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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.

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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.