Title : Idle Meandering On A Sunday Night -- July 9, 2017
link : Idle Meandering On A Sunday Night -- July 9, 2017
Idle Meandering On A Sunday Night -- July 9, 2017
Over the weekend I read an "op-ed" by Bernie Sanders. He was tired of Trump's tweets. LOL. Bernie was writing bout his summer vacation and how they were just getting ready to visit Utah. I thought the entire piece very boring, so I assume the same thing: talking about my week in Montana will be very boring to readers. If I do write about my trip it's for the archives, for future reference, and I would encourage readers to ignore it. It will be as boring as Bernie's travelogue -- maybe more so. LOL.So, where are we on July 9, 2017? The 170th day into Mr Trump's presidency; about 240 days since his election.
US cities are calm, certainly compared to Hamburg. I guess Angela Merkel took a page from the Baltimore mayor's playbook: give them some room to destroy.
Gasoline is cheap, although I was surprised to see it slightly higher here in north Texas than when I left, currently about $2.19/gallon.
We have "everyone" falling all over themselves writing about EVs. No one talks about the infrastructure. It will be interesting to see all those EVs on the road with drivers looking for charging stations. Seriously. Even when EVs become mainstream (air quotes would be good here), drivers are going to say, "Hey, does that look like a charging station?" "No, dear, that's Netflix kiosk."
I think the big takeaway this week is the separate paths the US and China are taking vs the path that the EU is taking.
A reader hit the proverbial nail on the head when he wrote this:
It seems very obvious that Germany and most of Europe would want the US to follow the same energy policy as they are promoting for themselves. They have to be very afraid of the huge, and I mean HUGE economic advantage the US will have with our inexpensive fossil fuel economy.
I explain it to people this way: imagine the largest economy in the world and then giving that largest economy the least expensive energy in the world.
That is our future If we don't allow the "left" to destroy it.One can only hope that Trump is not a one-off. If after four years, "we" elect another Obama all was for nought.
The only way the EU can hobble the US, is to convince the US to go down the same "energy road" as the EU. China will not be so crazy. In fact, one can argue, the Chinese are being duplicitous -- if that's the right word: encouraging the EU to encourage the US to go "green," thereby hobbling the entire western world. Meanwhile, China will continue going its own way.
Futures mean squat, but right now it looks like another nice day for the market: all three indices (S&P; Nasdaq; and, Dow) are in the green (futures at 9:50 p.m. Central Time). The jobs report this past week was incredible; it's funny: I can read a dozen stories after the jobs report is released, and remain confused about what it might mean, and yet, Matt Drudge seems to figure it out immediately. If Hillary were president, the media would be crowing about the jobs report and the economy and the market. But she isn't. And they aren't (crowing about anything, except the president's tweets).
So, I'm in a great mood tonight, looking forward to seeing what the market does tomorrow.
My only bit of sadness: not being on Lake Flathead. Wow, that was incredible. I would write more but I don't want to come off as being as boring as Bernie.
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