Tuesday, January 12, 2016

Traveling man

 - by New Deal democrat

Yesterday and today are traveling days. To tide you over, here is your quick summary:

1. The Oil patch, and that portion of the industrial economy that is globally exposed, really really stink.  They are in recession and it has deepened.

2.  The services economy is doing OK.

Here's a 5 year graph of the US$.  Compare the last year with the last six months of 2014:

Despite the stock market breakdown, and the further decline in commodities, the US$ - responsible for all that badness in #1 above -  has not broken out of its 2015 range (yet!).

That is all for now.