Fo Shizzle My Nizzle: Treasury Yields Take a Dive, Economy Lookin' Kinda Janky!

Yields Droppin' Like It's Hot!

What up world! It's your homeboy Snoop D O double G droppin' some knowledge on ya. Word on the street is that these U.S. Treasury yields are fallin' faster than my blunt ash. The 10 year Treasury dipped more than 6 basis points to 4.387% and the 2 year is lower by over 2 basis points to 3.946%. That’s like whoa slow down there doggy! Bond prices are up meaning folks are gettin' a little scared ya dig?

Retail Sales? More Like Retail Fails!

And check this out my peeps: retail sales are down down down! They shrunk by 0.9% in May according to the Census Bureau. Economists were only expecting a 0.6% drop. That's like orderin' a pound of that sticky icky and only gettin' half. No bueno! Even without cars sales dipped 0.3% while the Street was hopin' for a lil' bump. Fo shizzle this ain't lookin' good for the economy homes.

Gas Prices & Economic Ice

Gas station sales slid 2% in the month. Now that could mean prices are chillin' but it might also mean folks ain't cruisin' around as much. Less cruisin' means less spendin' and that's a bad sign man. It's like when the blunt runs out at the party – everyone starts lookin' for the exit.

Trump's G7 Getaway: Middle East Madness!

Then you got Trump bailin' on the G7 summit like he's late for a blunt rollin' contest. He's talkin' about "much bigger" events in the Middle East and tellin' Iranians to "immediately evacuate Tehran." Now I ain't no political scientist but that sounds like some serious drama. It's like when the cops show up at the party and everyone scatters.

Iran and Israel: Still Beefin'!

Deutsche Bank is sayin' there's no chill in the air war between Israel and Iran. Explosions in Tehran missiles flyin' – this ain't no game y'all. And Israel's still lookin' to shut down Iran's nuclear program. This conflict is enterin' its fifth day and ain't nobody callin' for a cease fire. Peace out negativity!

G7 Without the Big Dog

So the G7 is wrapping up in Canada without Trump and they ain't even puttin' out a joint statement at the end. That's like a party with no music no drinks and no… you know. Somethin's missin' right? Keep your eyes peeled 'cause this story is far from over. Stay safe stay blazed and keep it real my friends. Peace!