Good morning. It is sunny and 70 degrees here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 80s this afternoon. Hey we've got a string of some exceptional days going, enjoy them.
At 9:10 a.m. ET DOW futures are -14 and the price of oil per barrel is up. The market is poised to open slightly higher.
Hold onto your hats. The GOP Senate releases its monstrosity health non-care bill this morning. It's like getting a bad news, you just don't even want to look at it.
CNN: Facebook summit; Stress tests; More oil pain by Ivana Kottasová
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So, oil is falling again because of too much supply. The price of a gal. of gas in NJ ( 2.19 ) even with a huge tax increase is .28 a gal in 1965 inflated dollars right now. With huge increases in Healthcare on the horizon ( HORIZON) and big increases in % rates and rental prices the economy is starting to sputter. Trumpf will like BV$H bankrupt the Gov't quickly through borrowing and destroy the Social Safety Net which will kill spending and drive us into a deep Recession. The answer will be of course more Austerity for the 99% and tax breaks for the 1% otherwise we'll be told the country will become like Venezuela. Any hope that getting rid of Trumpf will stop any of this is just a mirage. 75K people in 3 States did all this to us.
I know 75K. It's a hard pill to swallow.
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