Good morning. It is 37 degrees and sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the high 50s this afternoon. Trump has selected Jeff Sessions as his new Attorney General. Yes indeed, the hallmarks of a seriously ultra right wing administration are shaping up. We are heading towards a repeat of Bush/Cheney except without the niceness and conservative compassion.
PLEASE NOTE - This blog will be closed from Saturday November 19th till Sunday November 27th, reopening bright and early Monday morning November 28th.
At 9:10 a.m. ET futures are slightly lower and the price of oil per barrel is up. The market is poised to open slightly lower.
Internationally, the value of the dollar is up. When the dollar is strong, American exports are more expensive and consequently less interesting. The dollar is strong because the coming administration is talking about increased government spending plus interest rates will be rising. It's going to be a heady mix, increased government spending, cutting taxes, rising interest rates, and lots of social unrest as the poor get a whole lot poorer.
CNN: U.S. dollar flexes muscle; Volkswagen job cuts; Another Wall Street record? by Alanna Petroff
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