Jobless claims rise, and it looks like many more are dropping out of the claim process. What's the real unemployment rate? I don't think anyone really knows.
Stock market doesn't seem too concerned about the higher oil prices, which suprises me. Although I can afford higher priced gas, my miserly nature makes me cut back on recreational driving and vacations.
And as a buyer, the freight prices and fuel surcharges are very high.
Thomas Sowell: There are no solutions, just trade-offs.
ALL predicted (inflation, no jobs, and massive bills - no surprises here). It will take a decade to recover IF we are fortunate - but the workforce is not prepared to address the opportunities - dumbed down and boozed/drugged up.
SS109 wrote: Stock market doesn't seem too concerned about the higher oil prices, which suprises me. Although I can afford higher priced gas, my miserly nature makes me cut back on recreational driving and vacations.
And as a buyer, the freight prices and fuel surcharges are very high.
The stock market is not connected to reality. In fact, it is a rigged game. If that doesn't keep people up nights, I don't know what should. Yet we all just roll along, watching Dancing with the Stars and eating Chicken McNuggets.
Aspen - you got most of it. BUT investors CHOOSE to buy equities - at risk. McDonalds may be a good investment going forward - massive chicken farms, cheap labor (but most USA college grads or wet backs), and hungry welfare folks.
