Fat City?

The dramatic reversal in what had been a weakening oil market began Thursday after ECB President Jean-Claude Trichet suggested the bank could raise interest rates, and the euro climbed against the dollar. When interest rates rise in Europe, or fall in the U.S., the dollar tends to weaken against the euro.

Oil is above $137 a barrel, Gas $4.00, diesel $4.75.
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The government reported the U.S. lost 49,000 jobs in May as the unemployment rate rose by the largest amount since February 1986.

The Labor Department reported the fifth consecutive month of declines in nonfarm payrolls. The decline was better-than-expected however, as economists had been expecting a 60,000 job decline for last month.
It's still low and apparently not as bad as was expected. With all the banking troubles and high prices I have been expecting a lot more job cuts
And the price of fuel is starting to effect the food chain,too.
Huhuhum... No job. No gas, No groceries. We're not going to hold the title of "Fat City" for long, if this keeps up.