Good morning. It is 68 degrees and overcast here in the Upper Hudson Valley, the forecast predicts an overcast day with temperatures in the low 80s this afternoon. Time is flying. We are at the end of another month, tomorrow is the first day of September, and the election is about to hit another important period, the home stretch. The popular vote shows the race tightening but let's try to gain some perspective here. Clinton has held a double digit lead which is virtually unheard of in modern election cycles. Now the polls show that her lead is in the 4% to 7% area which is still a huge lead. But the media, bless their little hearts, needs to push the notion of a close contest with all the accompanying fears and anxieties. 'Clinton's lead cut in half!', they write. In 2012, it was assumed to be a close race and Obama won with well over 300 electoral votes. It is the electoral vote count that is the critical issue, not the popular vote.
At 9:00 a.m. ET futures are modestly lower and the price of oil per barrel is down. The market is poised to open lower.
Nigeria is now in a full blown recession which is linked mainly to the low price of oil, a mainstay of Nigeria's economy. Brazil is officially an economic basket case. And then there's India which is the world's fastest growing economy. The world is changing, and it's changing rapidly.
CNN:
Stocks: 5 things to know before the open by Ivana Kottasova
India will also release GDP figures later Wednesday for the quarter ended June, offering a very different picture. The data are likely to show that India is still the world's fastest growing major economy, despite concerns over the pace of reforms.
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