Weekly Indicators for July 11 – 15 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. We are at the point where I suspect that after the Q2 quarterly economic reports come out, and the Fed’s next meeting/rate hike, literally *all* of the long leading indicators will be negative. But, wait! There is a ray of sunshine still. Oil prices went back down under 0/barrel yesterday, equivalent to where they were when gas was .10/gallon. Take away the Ukraine-related oil shock, and not only might consumers start spending more on other things again, but inflation might decline sufficiently to cause the Fed to ease up a little. Maybe. As usual, clicking over and reading should bring you up to the virtual
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NewDealdemocrat considers the following as important: US EConomics
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Weekly Indicators for July 11 – 15 at Seeking Alpha
– by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
We are at the point where I suspect that after the Q2 quarterly economic reports come out, and the Fed’s next meeting/rate hike, literally *all* of the long leading indicators will be negative.
But, wait! There is a ray of sunshine still. Oil prices went back down under $100/barrel yesterday, equivalent to where they were when gas was $4.10/gallon. Take away the Ukraine-related oil shock, and not only might consumers start spending more on other things again, but inflation might decline sufficiently to cause the Fed to ease up a little. Maybe.
As usual, clicking over and reading should bring you up to the virtual moment as to the state of the economy, and brings me a few pennies for my efforts.