Sunday, July 16, 2017

SUNDAY 7/16/17

A coronal mass ejection (CME) occurs from the sun a couple days ago and the M.4 solar flare should reach the Earth today. The plasma wave may negatively impact computers, electronics and communications equipment. The northern lights will put on a brighter display over the next couple days as the x-ray and UV radiation waves hit the Earth.

The Senate delays the ongoing healthcare bill fiasco. Senator John McCain has successful surgery above his eye but will not be able to vote for the passage of the healthcare bill for at least one week as he recovers. The vote count is so razor thin that Leader McConnell has to delay voting on the healthcare bill until McCain can vote yes.

The republicans blew it when America found out they did not have a healthcare insurance plan after bragging for eight years that they had a complete detailed program ready to go to repeal and replace Obamacare. The republicans had nothing. It was all lip service and lies. How do you tell if the demopublicans or republocrats are lying? Their lips are moving. The Better Care Act, Trumpcare, is in intensive care.

President Trump adds more lawyers to the team handling the Russia investigations. The democratic and liberal-leaning media continues to ride the president on potential Russia collusion during the election last year. The investigations are becoming more serious and not a hoax as the president claims yesterday. Interestingly, Trump says the Russia investigations are all a hoax but at the same time is hiring more lawyers to handle the problem.

President Trump’s approval rating, reported by the left-leaning cable news outlet CNN, is down to 36% and his disapproval rating is up to 58%. About one-third of the country approves of President Trump’s job performance while three in every five Americans disapprove of his job performance.

The former prima donna FBI Director Comey signs a book deal where he will be paid millions to likely provide dirt on President Trump. The political baby games are sickening. The elite class and media play all day as common Americans struggle through structural unemployment and underemployment and high debt. Washington, DC, is completely dysfunctional. The huddled masses continue stockpiling pitchforks and torches in their garages.

Turkey marks the one year anniversary of the coup attempt to oust President Erdogan. The coup failed and Erdogan has turned into a little Hitler over the last few years. The dictator is busy murdering any detractors as he consolidates power following the Hitler playbook. Turkey is the most important country in the troubled Middle East.

Turkey is the key oil transportation hub between the Middle East, Europe and Russia. Turkey is very important from a military location standpoint. Turkey is also key in holding back the mass human migration of refugees to Europe as long as Erdogan keeps receiving funds from the West; money he uses to murder-off his detractors. The world is a sick place.

French President Macron and Israeli PM Netanyahu conduct a joint press conference in Paris stressing renewed strength of France-Israel ties.

Over 40 fires are burning in 11 western states hampering business and commerce. The situation is not improving as the summer heat builds. Thousands of people are evacuated from dangerous areas.

Euro 1.1467. Dollar/yen 112.50. Pound 1.3102. USD 95.10. WTIC oil 46.68. Brent oil 48.91. Natural gas 2.98. Gold 1228. Silver 15.95. Copper 2.70.

Treasury yields are; 2-year 1.36%, 5-year 1.87%, 10-year 2.33%, 30-year 2.92%. The 2-10 spread is at 97 basis points. German bund 0.594%. Japan 10-year yield 0.076%. UK gilt 1.31%. France 10-year yield 0.86%. 

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