$5 gas, to be more precise. While there are millions of barrels parked on oil tankers, the middle east war fears are being stoked to keep the profits up for the people in the energy business, no doubt so they can pay election expenses 
As of this morning, the current national average is $3.647, but enjoy it while you can. Summer’s coming and diesel is a penny under $4 already. The price of crude was running $108 a barrel.
And you notice how the Syria and Iran stuff has gone deaf and dumb here the past few days? Calm before the storm, so enjoy it while you can, too.
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The G20 finance dudes are meeting in Mexico City this weekend to see how to orchestrate global markets further. Once again, my invitation didn’t get here in time, although if they’d email it, we could still make it….
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Other than a consumer sentiment number, not much going on today in terms of data. Next Tuesday we get the Case Shiller/S&P housing numbers which ought to be interesting… The Baltic Dry index is still hovering around 700.
Mass Layoffs
All summed up in our rolling chart of the data this way:
Frankly, the number isn’t too bad this morning and except for the fact that airlines, pharmaceutical companies and the Post Office are planning layoffs and closures in coming months, you might have been able to convince me the recovery is real…
The Sky Really is Falling!
Clouds, says NASA are getting closer to the ground. I’m sorting out two competing theories on why. One is global warming, the other is I haven’t gotten my instrument ticket for flying. Another possibility is changing global wind patterns but that would just be too simple and logical…
Spy Versus…
Thumbing through press releases that caught my eye this morning:
“On Friday, February 24, the New Jersey chapter of the Council on American-Islamic Relations (CAIR-NJ), along with the Rutgers University Muslim Alumni Association, the National Islamic Association (NIA), the Islamic Center of Passaic County (ICPC), and Omar Mosque (Paterson, N.J.), will hold a news conference in Newark to address concerns about the unconstitutional spying conducted by the New York City Police Department (NYPD) on the Muslim community in that state. “
Could be interesting…
Waiting on IRS
Seems a lot of people who hurried up and got their taxes done early – like me – are not going to get their money right away. Good story in the south Florida SunSentinel which is more interesting than citing you a press release.
Meantime, This is Reassuring
America’s debt picture is worse than Greece says the Weekly Standard. Great.
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Quiet day in terms of news stories…maybe Universe is telling me to go back to bed and get some sleep…
More after this:
