“For longer-term purposes, an appreciation of the dollar is a good thing, and I would expect longer-term, as you’ve seen over periods of time, the dollar does appreciate. “In the short term, there are certain aspects [of a strong currency] that are positive about the dollar for our economy and there are certain aspects that are not as positive."
So called Western elites have failed miserably across the globe, and the only way to retain their undeserved positions of power (many should be in jail), is to create and promote a mindless, highly emotional, non-domenstic distraction. Enter Russia...
While OPEC compliance remains key, it appears fundamental over-supply fears are mounting once again. Against expectations of a crude build and gasoline draw, API reported a surprise crude draw but smaller than expected gasoline draw. Cushing also saw a major drawdown and Distillates saw the biggest draw since Oct 2014. WTI and RBOB prices were marginally higher on the print.
Two months into Philadelphia's soda tax, supermarkets and distributors are reporting a 30% to 50% plunge in beverage sales, preparing for a legal fight with city hall, and are planning for mass layoffs.
After nearly a year since the first protest camp sprung up in opposition to the Dakota Access Pipeline, all remaining Standing Rock protesters will officially be evicted today in compliance with an executive order signed last week by North Dakota Governor Doug Burgum...will it be a non-event or will we see one more round of fireworks?
During a lively discussion centered on fears that President Trump is "trying to undermine the media,"MSNBC's Mika Brzezinski let slip the awesome unspoken truth that the media's "job" is to "actually control exactly what people think."