Asian markets begin the week mixed ahead of PMI data to be released
this evening. The dollar/yen is 101.36 remaining flat in this 101.40-ish area. The
NIKK gains +0.4% and KOSPI gains +0.7%. Japan’s factory orders rise but the
data is disappointing. The Korean Won remains at six-year highs against the
dollar. Australia is the big loser with the SPASX200 losing -1% as mining and
metal stocks are beaten.
China’s SSEC is up +0.6% but the HSI is down marginally. The
GSK ongoing bribery scandal investigation continues in China with a new twist.
A sex video...........
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
The number of large casinos in Atlantic City drops from 12
down to 9 over the last few years. One casino closing sends 2100 workers into
the street. The competition in the gambling arena is far too great nowadays.
Many States have passed lenient laws allowing local casinos to open. Atlantic
City is more of a working class gambling town and not as attractive to the
high-rollers so it is squeezed from two directions; the wealthy are gambling
elsewhere and the working class are experiencing hard times with very little discretionary
income available to gamble. Gambling revenue is cut in half for the Atlantic City
area which greatly impacts the economy and wages are already being frozen by
many companies in the region.
The murdered bodies of the three missing Israeli youths turn
up in a field in the West Bank. Israel asks what animals do such acts and vows
revenge. Bombs explode near the Egypt presidential palace killing two top
police officers and injuring another one dozen people. President al-Sisi is not
injured and vows strong retribution against the perpetrators. The Middle East
is a powder keg.
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