The ten year bond was at 3.25 not too long ago. It’s now at 2.91. Yesterday, the three and five year bonds inverted. That generally does not bode well for the economy. Now, if only the dollar would fall about ten to 15 percent, the current China sanctions would really bite a lot harder.
If anyone wants to keep tab on market data, the best and most comprehensive market data can be found here:
It has everything one needs to know. Some of the data is 15-20 minutes delayed. It’s a great site and there’s no paywall. Commodities, global currency, global markets, bonds, advancing declining, most active, gainers, economic events and announcements, and etc etc.
I have a conserative friend that owns a business. When the tax cut was first passed he mentioned expecting business to pick up. I was talking to him in October as he’d moved into a larger space and he mentioned business actually hasn’t been that good this year. I’ll see him this weekend at a christmas party he has every year for a bunch of us that have been friends since college. I never talk politics with him, but being the smart ass I am it’s always tempting to throw some of this shit in his face. Especially since I worked for him about 8 years till Bush’s recession slowed things so much he laid off me and about half his staff at the time!
I’m starting to wonder if corporate executives aren’t just playing “pump and dump” with the stock market. Either way, I’m happy to have all of my money in cash right now. Others can enjoy this roller coaster, I’m too old for this shit.
The salute is poor (bent thumb) and ridiculous at the same time from Cadet Bone Spurs.
Insulting, some would say, but not because he salutes dictatorial regimes also
The SEC should investigate Trump for stock manipulation (stolen from a WaPo post). Seriously, an Orangutan of his power makes shit up, stocks spike Monday, and fall about the same Tuesday when they realize the Orangutan is just a psychopathic liar. What took them so long?
EDIT: This is a better salute than Trump gave Bush, I am sure any member of the military will agree
Lots of these guys believe Trump’s shit. They think that “business” knows best. Capitalism is effcient and what the markets want is best.
The grey reality is simply beyond their comprehension, they lack the field of vision or intelligence to see how things really work.
To give a great example, Lots of Trump’s supporters make big heavy equipment (think Cat and Case Deer). Trump puts 25% steel tariffs on, and the cost of steel is suddenly 25% higher (because the US makers can charge foreign prices). Well the MEGA supporters making Cat and Case and Deer suddenly have products that have to be 10% more expensive. Kabota? Hatachi? Hyundei? Volvo? Well their foreign made products don’t have to pay the steel tariffs (since they are not raw steel) and suddenly are 10% more competitive.
whenever TRUMPf mentions a 'deal, run for cover…a ‘deal’ is not an agreement or treaty… the stupid eff thinks he is still wheeling and dealing in NY real; estate… a person in NY, who has known TRUMPf a long time. says real;estate ‘deals’ is all he knows.
Of course, the reason Tariff Man is a Tariff Man is because he sees tariffs as a weapon with which to punish his adversaries. Every one of his motivations and impulses is fundamentally destructive.
My friend is a conserative christian and my current company is run by a guy that a conserative christian, although current boss told me he was a drinkin’ cussin’ christian. He gives 10% of company profits to christian charities and I do think he’s a decent guy, just kind of set in his ways and beliefs. We also use a lot of stainless steel so I’m interested to see how this affects us and what their reaction to it is. They also got hit pretty hard by Bush’s recession, but since about I think 2012 things in the poultry industry who we do most of our work with, have been constantly growing.
