JOBS ENGINE PROPELS GROWTH IN US. 2nd QUARTER GDP COULD EXCEED 4% !

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Our FEATURE today discusses the remarkable growth in jobs and wages over the past year. Almost everyone sees and hears the headline news but digging deeper portends an even more compelling case for what's ahead for the US economy. For example: Average hourly wages were up 2.7% Year over Year, joblessness amongst Blacks and Latinos are near record lows and women's unemployment is the lowest since 1953. In contrast events in southern Europe are becoming desperate. Italy has a political and economic crisis which could result in their withdraw from the European Union. Spain has 17% unemployment and their Prime Minister has just been removed from office. Questions are, will there be contagion in all of Europe? Will events there impact the US economy? We suggest that evidence indicates that things are not as stable as the politicians and the media would like us to believe. Other topics are: Safe Haven bonds reflect global pain, What is the "doom Loop" ?, Gasoline scams taking all of us for a ride, G-20 Conference July 21st effecting crypto currencies, Trump's new Health Plan, VPLM, Alexa and Kim Jong-Un, Cindy McCain, No anthem in California, Michelle's Harvard smarts revealed and Michael Horowitz' IG Report. "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."

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