Tue, 3 March 2020
What can you say about February without getting sick to your stomach. The last week was a real sh-t show plain and simple Stock markets down from 5 to 13 percent in one week! VIX or the fear index closed at 40 but hit as high as 50. Currencies fairly flat for the month after a large rise and then fall in the USD. Looney and Aussie $ killed. 10 Year yield hits an all time low of 1.13. Bitcoin down 14%. Gold down .3 percent after hitting a 7 year high. Silver down 8%. PT down 10%. PD up 13% for the month but lost $300 on Friday. Copper down 1.2%. Energies totally destroyed. WTI/Brent down 10/13%. Natgas down nearly 9% to 1.67 per mm. Uranium flat. Ratios: Au/Ag 95.60 - Pt/Au .54 -Pt/Pd .35 -WT/HH 26.94. Crazy numbers for crazy markets.
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Tue, 3 March 2020
Steve Maggi is a lawyer, former immigrant and naturalized U-S Citizen noted that lost in all the primary election news is the implementation of a new policy which began this week aimed at making it harder for low-income LEGAL immigrants to get public benefits. Immigrants who cannot show they are making more than $60,000 will be denied a visa or green card, despite having entered the U.S. legally. Is this fair? The Supreme Court by 5-4 said yes. |
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