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Originally Posted by scaeagles
Unemployment is at 4.7%. The Dow is at a 6 year high, and only about 200 points away from it's all time high. The economy is growing between 3-4 percent. Job creation, though a bit weaker this past month at 138,000, has been strong over the last year.
All of this in spite of oil still at $70 barrel.
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Oh, I feel so much better now! I guess it won't be necessary after all to raise my rates at work due to the across the board increases in op costs.
Several of my clients operate trucking firms. Look for major disruptions in deliveries, and huge increases in shipping fees as well, within the next week or so. One of them is pretty convinced he'll go under on this one- they barely survived the last gas spike. It's a nationwide crisis, and one that is not being reported on. If prices are still as high during harvest time, which ranges from early summer to late fall, agriculture is going to take a huge hit as well. Between the labor difficulties and operating costs, the farmers up here are hurting.