Asia markets are quiet as Christians prepare for the holy
Easter holiday. Japan, South Korea and China are trading. The NIKK gains +4%
this week fueled by the lower yen with the dollar/yen moving up from under
101.50 to 102.57. Banzai! The SSEC ends down and KOSPI ends up. US markets are
closed in observance of Good Friday and will not reopen until Monday.
[Text is Redacted: Purchase April 2014-04 to Read the Complete Chronology]
A 7.5 earth quake hits near Acapulco shaking
Mexico City. The Whitehouse is delaying the Keystone XL pipeline project again,
for the umpteenth time, to after the elections. Folks in the Midwest are hung
out to dry and losing out on high-paying jobs that would fuel local economies.
President Obama does not want to approve the project because he would lose
voting support from the democratic environmentalists so the Midwest, where many
States tend to be conservative thinking, suffers. Watch railroads such as CP that
transport oil, albeit in a more dangerous way. Warren Buffett owns significant interest
in the rails so the president’s decision to continually delay the Keystone XL pipeline
greatly benefits his wealthy friend.
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