Diary

We Interrupt All The Politics For More Good Economic News

This is supposed to be Blackie’s job, but what the heck.

Just so that this doesn’t get lost in the political news, in a flash look at this morning’s current news….

o Crude is trading around $108/barrel – down over $7/bbl just this morning.

o The dollar is up sharply – now at $0.69, $1.07, and $0.56 against (respectively) the Euro, the Canadian “dollar,” and the British pound (it was at $0.63, $1.00, and $0.50 just a few weeks ago).

o Gold is back below $800 an ounce.

That’s the problem with the darned drought – it keeps on raining….