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12-27-2018 07:39 AM
Dow futures have it currently down 300, but we are in such rarefied air that point moves aren`t necessarily percentage record moves. Christmas was good spending, it`s just these interest rates. Rising interest rates with all the debt on the books is like Michael Phelps swimming across the Atlantic, maybe he could do it, but not if Jerome Powell straps 100lbs of luggage to his back.
12-27-2018 08:17 AM
Hard to sustain the economic strength seen recently when it is fueled by a huge increase in deficit spending
and "short term" capital flows. Hopefully the economy will be strong enough to overcome the trouble signs being
seen in the housing and other sectors.
Both of my sons are carpenters that work on framing single family homes, condos and apartment buildings.
Both make decent money but neither one of them can afford to buy what they are building.
Held my 2 month old grand-daughter Tuesday while she watched her brothers, sisters and cousins destroy our living room.
She is such a smiley and happy little girl. Didn't have the heart to tell her how much in debt she is.
12-27-2018 10:37 AM
IscCat, I look at Lumber, Cooper and fat cattle all strong. Lumber higher than 2015 and fat cattle mid $120s, when people celebrate, they don`t order chicken or tofu....they order Steak! The debt will have to be dealt with, trouble is, those that can do something about it won`t get elected telling the truth about the spending cuts that`s needed. Those in the peanut gallery..."where`s my cheaper, better health insurance that I was promised!!!" That is how you make the hole deeper, NOT solve the problem.
12-27-2018 11:10 AM
VISA & Master Card records - will that be the 2019 hang-over - will see - - -
June Lumber WAS $650.oo - rumor has it we are built up ?
Feeding the World - needs a bit of coaxing along - maybe ?