United States: a contested war and a weakening economy

Bobby

Written by Bobby

United States: a contested war and a weakening economy

Iran and the Israeli-American alliance don't seem able to find common ground.

So it's war. More war.

As we expected, fuel prices have shot up, and I don't get the impression they'll come down any time soon.

Brent prices in the second week of March 2026

If filling up has hurt your wallet too, you're definitely not alone...

Things aren't going well in the United States

The jobs figures came out last Friday, and they weren't good.

Unemployment stood at 4.3% in January. It rose to 4.4% in February.

Forecasts pointed to 50,000 new jobs in February, but the official Bureau of Labor Statistics report showed 92,000 jobs lost.

To make matters worse, December's figures were also revised down.

I'm no geopolitics expert, but between a slowing economy and a controversial entry into war, things don't look good for the United States or Trump.

Short-lived hope for the crypto crowd

Early in the week, optimism returned and crypto prices started recovering.

But as the conflict escalates and the war in the Middle East continues, fear seems to have taken hold again.

Bitcoin reached $73,600 on 4 March before falling back to $67,000 today.

Bitcoin prices in the second week of March 2026
Bobby

Written by

Bobby

Independent trader

I'm a former financial engineer and spent seven years on trading floors and at a hedge fund. For over three years, I've been sharing my trading experience and what I know about finance.