7.9% unemployment, declining wages every year, record number on food stamps, contraction last quarter the new normal I suppose, lowered expectations for our brave young leader
All that and still better than anything any republican president has murdered our nation with over the last years.
Unemployment is declining. Real wages are not declining. Record number on food stamps? Increasing population + higher than NRU. Do you expect to go through a recession and not feel any of the consequences of a recession? Would you sleep better at night letting people starve in the streets? Widely increasing income inequality can be to blame as well.
So going back to the refinery utilization point, the refineries drive demand for oil and they arekeeping the price stable. Ay about bucks the price hasn't changed much adjusting for inflation. It's a fair price and a win win for the industry and consumers Sorry edit at 3 bucks
the price of oil is trading around or below $90 again. this week's gov't inventory report report showed another build in inventory greater than expected. this feels like 1998 again, when the stock market was booming and oil was so low, it was probably the last period of major layoffs. i think oil companies e and p's and services are doing better at managing their head counts. anyway, dollar trading down, oil trading down, stock market booming means the stock market has some real value in this boom as opposed to spring 08 when oil was hitting $150. i'm not going to go heavily into this because its not fair to clutch, i don't want to bring d&d topics in here but i think secretly a lot of politicians wanted the sequester so they wouldn't have to purposely cut things their constituents wouldn't like. i think the stock market likes the sequester edit: this week's report refining capacity still at historic lows
