We Interrupt All The Politics For More Good Economic News
This is supposed to be Blackie’s job, but what the heck. Just so that this doesn’t get lost in the political news, in a flash look at this morning’s current news…. o Crude is trading around $108/barrel – down over $7/bbl just this morning. o The dollar is up sharply – now at $0.69, $1.07, and $0.56 against (respectively) the Euro, the Canadian “dollar,” and | Read More »
Just a Quick One – Other Big Story Today
Just so no one misses it, the dollar is rallying enormously, not-coincidentally the price of crude is tanking (should we stop speculators when they drive the price DOWN?), and the DJIA and NASDAQ are rallying smartly. Today’s good news….
Some Sanity on the Exxon-Mobil 2Q08 Financial Report
Exxon-Mobil released their 2Q08 financials yesterday – and as surely as the night follows the day, the usual suspects have begun baying at the moon about it all. Business sense is scarce in Washington, so one wonders whether this baying is due to genuine ignorance – or is merely posturing. But given the big-dollar numbers that are the stock-in-trade of Washington, one would expect better | Read More »