Oil Price Increases After Biden Shuts Down Drilling Permits Again

[djd09]

14 Signs That the U.S. Economy Is Poised to Crash Really Hard During the Second Half of 2022​

The first half of 2022 has been horrible. Tens of millions of Americans are struggling. Many are barely making it. Some aren't making it at all. But it seems as if things are just going to get worse.​

#1 One survey that was just released discovered that 35 percent of all small business owners in the U.S. “could not pay their rent in full or on time in June”.


#2 A different survey found that 51 percent of all small businesses owners in the U.S. believe that rising prices could “force them to close their businesses within the next six months”.

#3 It is being reported that 45 percent of all small businesses in the U.S. have already decided to freeze the hiring of new workers.


#4 Sales of previously owned homes dropped 5.4 percent during the month of June. That is now the fifth month in a row that we have seen a decline.


#5 In three-fourths of the metro areas that Redfin tracks, at least 25 percent of home sellers reduced their asking price during the month of June.


#6 Blackstone has prepared a war chest of 50 billion dollars so that it can scoop up depressed real estate all over the country after housing prices have crashed in the months ahead.

#7 The number of Americans applying for jobless benefits has risen to the highest level in eight months.


#8 Employment postings for software development jobs have dropped off by more than 12 percent during the past four weeks.


#9 The Conference Board’s index of leading economic indicators has now fallen for four months in a row.


#10 The S&P Global Flash U.S. PMI Composite Output Index just went negative for the very first time since the last recession.

#11 The latest number for the Philadelphia Fed manufacturing index came in at -12.3, and that was much worse than what most experts were anticipating. Any reading below zero indicates contraction, and needless to say this reading was way below zero.


#12 Inflation continues to rage out of control even as economic activity in the U.S. significantly slows down. If you can believe it, the average price of a used vehicle in the United States has now risen to a whopping $33,341.


#13 The Atlanta Fed is now projecting that U.S. economic growth for the second quarter will come in at -1.6 percent. If it is ultimately confirmed that the U.S. economy has already been contracting for two quarters in a row, that would mean that we are officially in a recession right now.


#14 Thanks in part to the rapidly tanking economy, Joe Biden’s approval rating has plunged all the way down to 31 percent.

14 Signs That the U.S. Economy Is Poised to Crash Really Hard During the Second Half of 2022

It looks like we are going to get official confirmation that a recession has already begun when the GDP number

noqreport.com

this is sniffo the clown and his merry band of little liberals economy now. it wont be like last time .

 

[Charles West]

The Dallas Fed said this morning that manufacturing activity was down 22.6% during the period of mid-June through mid-July '22 for the lowest reading since May 2020. That is a scary drop for a one-month period.

 

[glenn walker]

The Dallas Fed said this morning that manufacturing activity was down 22.6% during the period of mid-June through mid-July '22 for the lowest reading since May 2020. That is a scary drop for a one-month period.

I dont think I have ever seen a number like that -WOW

 

[glenn walker]

The Spin Begins " --Janet Yellen downplays US recession risk as economic reports loom-Spin-Divert-Pivot.​

Still, Yellen acknowledged the economy is “in a period of transition in which growth is slowing,” from a historically rapid pace in 2021. She said that slowdown is “necessary and appropriate,” because “we need to be growing at a steady and sustainable pace.” Slower growth could help bring down inflation, which at 9.1% is the highest in two generations.

 

[Fernando]

14 Signs That the U.S. Economy Is Poised to Crash Really Hard During the Second Half of 2022​

The first half of 2022 has been horrible. Tens of millions of Americans are struggling. Many are barely making it. Some aren't making it at all. But it seems as if things are just going to get worse.​

#1 One survey that was just released discovered that 35 percent of all small business owners in the U.S. “could not pay their rent in full or on time in June”.


#2 A different survey found that 51 percent of all small businesses owners in the U.S. believe that rising prices could “force them to close their businesses within the next six months”.

#3 It is being reported that 45 percent of all small businesses in the U.S. have already decided to freeze the hiring of new workers.


#4 Sales of previously owned homes dropped 5.4 percent during the month of June. That is now the fifth month in a row that we have seen a decline.


#5 In three-fourths of the metro areas that Redfin tracks, at least 25 percent of home sellers reduced their asking price during the month of June.


#6 Blackstone has prepared a war chest of 50 billion dollars so that it can scoop up depressed real estate all over the country after housing prices have crashed in the months ahead.

#7 The number of Americans applying for jobless benefits has risen to the highest level in eight months.


#8 Employment postings for software development jobs have dropped off by more than 12 percent during the past four weeks.


#9 The Conference Board’s index of leading economic indicators has now fallen for four months in a row.


#10 The S&P Global Flash U.S. PMI Composite Output Index just went negative for the very first time since the last recession.

#11 The latest number for the Philadelphia Fed manufacturing index came in at -12.3, and that was much worse than what most experts were anticipating. Any reading below zero indicates contraction, and needless to say this reading was way below zero.


#12 Inflation continues to rage out of control even as economic activity in the U.S. significantly slows down. If you can believe it, the average price of a used vehicle in the United States has now risen to a whopping $33,341.


#13 The Atlanta Fed is now projecting that U.S. economic growth for the second quarter will come in at -1.6 percent. If it is ultimately confirmed that the U.S. economy has already been contracting for two quarters in a row, that would mean that we are officially in a recession right now.


#14 Thanks in part to the rapidly tanking economy, Joe Biden’s approval rating has plunged all the way down to 31 percent.

14 Signs That the U.S. Economy Is Poised to Crash Really Hard During the Second Half of 2022

It looks like we are going to get official confirmation that a recession has already begun when the GDP number

noqreport.com

this is sniffo the clown and his merry band of little liberals economy now. it wont be like last time .

I thought we are doing well considering the high gas prices first half of this year. I only felt slight pain.
I see improvements with oil prices coming down and subsiding of Covid.

 

[Fernando]

Pelosi’s Taiwan trip puts the Biden administration in a bind​

Biden’s Doubts About Pelosi Trip Leave Taiwan Feeling ‘Hurt’​

• Biden said military thinks Pelosi visit isn’t a good idea
• His remarks raise questions over US commitment to Taipei

Nancy knows what she's doing. She's been around for decades. Don't worry.

 

[glenn walker]

I thought we are doing well considering the high gas prices first half of this year. I only felt slight pain.
I see improvements with oil prices coming down and subsiding of Covid.

Dont base ecnomic pain on how you feel as you are wealthy land Barron. Pretend you are a younger working guy and gal at lower wages and not many assets.

 

[Charles West]

I dont think I have ever seen a number like that -WOW

Me either.

 

[Fernando]

Dont base ecnomic pain on how you feel as you are wealthy land Barron. Pretend you are a younger working guy and gal at lower wages and not many assets.

I'll be going out soon for my doggie's haircut and bath. It costs at least $70. Wife said she can do it but it's a lot of work.
I met my unemployed brother in law last week and he was wearing a cap. He said he accidently cut too much on top of his head and is covering it up.
He cuts his own hair. Don't know how he does it.
Seems like my dog lives better life than him.

 

[Terrel L. Shields]

Traders Are Betting On The End Of The Oil Price Slump | OilPrice.com

In what could be a change of tune for crude futures, money managers have started to close out short positions, turning more bullish on oil markets

oilprice.com

Short sellers are closing out short positions against oil-focused exchange traded funds, while money managers have modestly increased their holdings of crude oil futures over the latest reporting week. These trades suggest that speculators, traders, and hedge fund managers may have started to believe that the 20% crash in oil prices since the middle of June could be over, and prices are set to go higher from here.​