If Texas were its own country split from the United States, this is what the gold medal count would look like for the top 5 countries at the 2016 Rio Olympics.
1) Great Britian at 27
2) Texas at 26
2) China at 26 (tied with Texas but with 51 times the population)
3) United States at 20
4) Russia at 19
5) Germany at 17
(Data Source: Houston Chronicle)
The 2nd Quarter 2016 real GDP growth rate came in at +1.2% year-over-year. FFC's estimate of the 2nd quarter's U.S. economic growth is -0.5%.
Again, all of the major stock markets around the world sold off. This is yet more proof that all of the stock markets around the world are inter-connected. When they go, there is no other stock market to run and hide.
|August 24, 2016 (Close of Day)|
|US GDP Growth, %||1.23|
|US Inflation Rate, %||0.84|
|US Unemployment Rate, %||4.9|
|Gold Price, $/oz||1,327.25|
|WTI Oil Price, $/bbl||46.77|
|US 10 Yr Treasury, %||1.56|