The Chart Of The Day -- June 12, 2018 -- The Market, Energy, And Poltical Page, T+12; The Day Everything Changed, The Day Nothing Changed

June 12, 2018: the day everything changed (North Korea agrees to de-nuclearize); the day nothing changed (North Korea agrees to de-nuclearize). 

Seattle: Seattle will rescind that "head tax" on Amazon. Wow, wow, wow.

2 cents: the G7 is completely irrelevant. If one measures the health / wealth / economic activity by the amount of energy it consumes .... this is the graph of the day.

If you knew nothing about Planet Earth and just dropped in to see what condition that condition was in, you would leave wondering what in the world is going on in Europe and Japan (G7 minus the US) and the US, China, and "Asia-minus China." Do we need to replace the G7 with the G3 (US, China, South Korea)? There was a reason the European nations EU'd. Individually, going into the 21st century, they were irrelevant in the big picture. In the graphic below, note which areas of the world are not even broken out (enveloped by non-OECD): the entire Mideast region (minus Israel) and the entire continent of Africa). Incredible.

Even Canada is about 50% of Europe. Wow.

*********************************************

Just Dropped In, Kenny Rogers