10-03-2013 07:09 AM
A little bit better this morning across the board.
Corn up 2. Beans up 7 and wheat up 5.
Government shutdown getting more ridiculous by the minute. I want to stand in front of the barricades at the war memorials and invoke Ronald Reagan saying 'Mr. Obama, tear down this wall'.
Anyway, I digress. Equity markets down this morning on weaker jobs numbers and a crisis of confidence. Dow down 50. Gold clinging to $1300 trading at $1306.20 which is down $9.99 on the day. Oil is at $103.95 which is down .15 cents. Oil had a good rally yesterday on the back of the news that the southern leg of the Keystone Pipeline is close to being finished.
The 10 year yield is stuck between 2.65% and 2.60% and currently is trading at 2.637%. Keep an eye on this as I believe it is the only true gauge we have of the economy.
Volumes are getting hurt as this government stalemate drags on .
10-03-2013 07:53 AM
Lin you really should pay attention to the news NOT the spin from the dicktator.
They have sent several bills to the senate and dicktator and they were rejected.
Bills to trestore the Vets services AND open National parks etc.
Put the blame where it belongs for a change. Speaking of change I'm tired of his.
10-03-2013 08:10 AM
It is amazing how 2 open air memorials that have no guards or govt personnel working there, the WW2 memorial and the Vietnam memorial, would be now closed to the public. It is all about how can the dems create major inconvenience to the public so that they can get their full, bloated govt back. Holding public sites hostage and asking for ransom.
10-05-2013 01:54 PM
NONSENSE! The partial selection of favorite aspects of the CR is meant to weaken the democrats position. The last vestages of political hackery.
Send a bill to the senate with democrat and republican votes and it will be accepted. Boehner is trying to satisfy baggers and he is in fear of losing the Speaker job. There are enough Democrat and Republican votes to pass a non partisan continuing resolution. That will be the eventual outcome. Count on it.
The republicans love to create these crisis event thinking they can intimidate the dems and the president into giving them concessions tht they cannot win through the normal legislative process. Legislating through intimidation is their modus occompli. The only strategy to handle that is complete refusal until they change their tactics.
That was Obamas biggest mistake in that he thought he could reason and deal with republicans. The new bagger influenced congress makes that impossible and a naive president required a significant period of time to recognize that. Yeah he is guilty of being a slow learner. I could have told him that on day one!