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Archive for January 8th, 2018

Jan 8, 2018 Rain is coming to California, YAY! Also USD is finally pushing up

January 8th, 2018

Well Futures are higher yet again. But finally we are seeing the Shanghai Futures having copper pulling back and the USD is stronger against most pairs except for the Kiwi. Cypto Bitcoin has is sitting around 15.000. China regulators put more restrictions on Entrusted loans trying to put some controls in, yet many have moved away from entrusted loans so it won’t do much good. All this as the Systemic Risk Designation Improvement Act of 2017 moves towards the Senate as it passes the house. The Fed loans at close to 0% to the major banks that have been loaning to high income speculators like crazy, yet the Government feels even more risk should go into place, ouch. Futures are up .10%…I am going to go play in the rain, we so needed it. Three Fed Heads will be speaking…this is about it for the econ calendar today.

Jan 2018