Thursday, July 28, 2016


Popped in this afternoon for a little hydration and turned on the TV.  It's the only source of information these days what with Europe shutting down for August and nobody working full hours on the street.  Nothing.  Well, not quite true.  The dollar was down against pretty much everything as it seems traders fell into sink with yours truly as to the prospects of a rate rise in September.  Once's not going to happen.  This is a totally politicized Fed and a rise in interest rates will not be viewed favorably by the party in power.  End of story.

On the other hand, it seems that helicopter money is still on the table in Japan even after the comments of the BOJ which now appear to have been written at some earlier date but not disclosed until yesterday.  I have given up trying to understand the Japanese.  I think the Japanese have given up on trying to understand the Japanese.  It's too soon in the day in Asia to find out what's going on but at least that gives me tomorrow and something for which to look forward.  Oh yeah, all the conventions are over tomorrow so we can all get back to the important stuff like summer re-runs.  The Hil speaks tonight...I wonder what The Donald has up his sleeve to wreck the reportage tomorrow?  I almost can't wait.

Fly Over Zone Thunder storm just starting.  The highlight of the day if I don't lose another tree.  Later, dudes.

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