In Asia, the Year of the Sheep is underway with several
indexes trading again after the New Year holiday although China, Taiwan and
Vietnam markets remain closed. The SPASX200, NIKK and KOSPI all trade higher in
the early going. Bluescope Steel is crushed -10% despite reporting strong
earnings and benefiting from lower iron ore prices and a pickup in the Aussie
housing market. Bluescope warns of margin compression and lower steel prices
ahead creating the weakness.
As the US enjoys Sunday evening, the S&P futures are
[Text is Redacted: Purchase February 2015-02 to Read the Complete Chronology]
one-third of Americans are at risk that a financial crisis will impact their lives. 13% of Americans, about one in eight, do not have any emergency savings available. Another 24% of Americans, one in four, have more credit card debt than emergency savings. The central banker Keynesian spending has only benefited the wealthy that own stocks. The middle class and poor continue to struggle while they watch the wealthy become filthy rich courtesy of the Fed’s policies.
[Text is Redacted: Purchase February 2015-02 to Read the Complete Chronology]
one-third of Americans are at risk that a financial crisis will impact their lives. 13% of Americans, about one in eight, do not have any emergency savings available. Another 24% of Americans, one in four, have more credit card debt than emergency savings. The central banker Keynesian spending has only benefited the wealthy that own stocks. The middle class and poor continue to struggle while they watch the wealthy become filthy rich courtesy of the Fed’s policies.
In the evening, US futures are flat. Euro 1.1336. Dollar/yen
118.91. Pound 1.5452. Aussie dollar 0.7805. WTIC oil 49.65. Brent oil 58.90.
Natural gas is 2.90 after printing above 3.00 this morning. Gold 1204. Silver
16.41. Copper 2.58.
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