5/10/2026
he percentage of people living paycheck to paycheck increased 4% from 2024 to 2025, with 67% of Americans struggling financially, a new report said.
Today the national average for a gallon of gasoline is $4.53. a year ago is was $3.42. 20 Years of gasoline rices
Malcolm Gladwell coined the phrase Tipping Point for one of his books, with a nod to Malcolm, when this many people have no savings, it does not take much to upset or move the break even tipping point of making ends meet.
Point is, a 32% gasoline increase in one year for someone with literally no income to spare, well what to cut. As I said several posts ago, Trump is in trouble in the mi-terms. Do not think the oil price will come down any time soon. Iran can hold out longer than the Republicans running for re-election.
Analyst Joseph Goepfert conclude the SPX for the fourth time has hit a record high while 5% of its companies hit 52 week lows. The other three are
July 1929
January 1973
December 1999
I was not around for 1929 but have been for the last three.In January 1973, everyone was optimistic about the market, Nixon had won by a landslide, the market was at an all time high what could bo wrong, everything as it turned out.
OPEC started the oil embargo in October 1973. Gasoline prices increased 4x. Rationing occurred using even odd license plate numbers.
The Watergate scandal, or simply Watergate, was a political scandal in the United States involving the administration of President Richard Nixon. On June 17, 1972, operatives associated with Nixon's 1972 re-election campaign were caught burglarizing and planting listening devices in the Democratic National Committee headquarters at Washington, D.C.'s Watergate complex. Nixon's efforts to conceal his administration's involvement led to an impeachment process and his resignation in August 1974.
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