Wednesday, June 25, 2025

Grapevine, TX -- Reminds Me Of The Williston Boom Some Years Ago -- June 25, 2025

Locator: 48586INFLATION.

Inflation watch: eight hot dogs for a buck?

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Boom in North Texas

Link here.

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Headlines And Comments

Headlines and comments:

  • Nvidia shares hit record as Wall Street shrugs off China concerns
  • BP shares rise on takeover speculation; Shell denies
  • More and more indications the Fed is behind the curve with regard to rate cuts
    • exhibit A: sales of new homes tanked in may, pushing supply up to a 3-year high
    • exhibit B: even Jay Powell suggested may be time for cuts
    • exhibit C: all that talk about tariffs becoming less and less relevant
    • exhibit D: Jay Powell says US is not in a recession 
  • most recent GDPNow estimate: 3.4; next estimate due on Friday, June 27, 2025
  • Trump was probably correct on damage assessment following The Strike; link here.
  • damage assessment for this killer confirmed; dead; link here;
    • BG Ali Shadmani, commander of the Khatam-al-Anbiya Central Headquarters has died following injuries sustained last week in an Israel strike
  • still no update on possible cause of Air India 171 crash killing 241 of 242 on board