Sunday Night Futures
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Weekend:
• Schedule for Week of May 12, 2024
Monday:
• No major economic releases scheduled.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and D...
8 hours ago
I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
5 comments:
Another great set of charts Mark, thanks. Waiting for the next weight loss post.
GYSC,
I'm headin' to zero weight if current unsustainable trends continue! ;)
I would say that the high price of oil is once again creating some drag.
Oil, shmoil.
American households pump 1000 gallons of gas a year, so $1 diff here is ~$1000.
The home ATM was pumping out $10,000 per household during the boom times, 2005-2007.
Sheeet, per-capita health care is up $1100 PER CAPITA since 2007.
Troy,
I think you are underestimating the power of a single drop to start a flood.
I should add that I don't think it is rational for Americans to freak out over the price of gasoline to the extent they do, as long as prices in general are not rising that fast.
That said, it is the price people see every time they fill their tank.
February 28, 2011
How Higher Oil Prices Will Hit Your Wallet
It would be worse if $4 gas were to produce a bunker mentality that caused consumers to stop spending and hoard cash.
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