10-year bond: lowest since 2016.
Dividends: automatic reinvesting -- making America great.
Jobs (link here):
- prior: 206K
- revised prior: 207K
- forecast: 214K
- actual: 215K
Kellogg: up almost 10% today; who wudda guessed?
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.
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Back to the Bakken
Active rigs:| $54.30 | 8/1/2019 | 08/01/2018 | 08/01/2017 | 08/01/2016 | 08/01/2015 |
|---|---|---|---|---|---|
| Active Rigs | 58 | 63 | 60 | 34 | 74 |
Five new permits, #36805 - #36809, inclusive:
- Operator: RimRock
- Field: Heart Butte (Dunn County)
- Comments:
- RimRock has permits for a 5-well "gem" pad in lot 1 / 2cion 18-148-92, Heart Butte oil field
- Enerplus: a Wallaby permit in McKenzie County
- Petro-Hunt: a USA permit in McKenzie County
I really can't stand this know nothing man child we've bafflingly put in charge. I just bet half my life savings on four wells last week and he's got to go announce a massive tax hike. We need a miracle, he needs to actually listen to an economist.
ReplyDeleteThis, too, will pass. This does not even begin to compare to what happened in 2007 - 2008 which has its own wiki page (Financial Crisis: 2007 - 2008); and we've all recovered from that.
DeleteThis (another increase in tariffs) was telegraphed for at least a year, that he would increase tariffs by 10% on the rest of the $350 billion in trade or whatever the numbers are. These tariffs won't go into effect until September and it's very possible China - US will announce movement and tariffs will be delayed.
And if there is no movement in those talks, tariffs could be increased even more.
My hunch is that by the end of the year things will look a lot better.
But again, it has been telegraphed for at least a year he would do this if China-US talks did not go anywhere and earlier this week there was a news article that talks had stalled. That should have been a warning.
Fed Chairman has been saying the same thing. The timing may have been a surprise but the actual news should not be a surprise.
Also, I'll eat a red MAGA hat if Trump actually pulls off a superior deal with China by the time he leaves office. I really wish an interviewer would take him to task as 1) He's either deliberately lying about how tariffs work or 2) Doesn't actually understand how tariffs work.
DeleteI'll post some thoughts on today's market action later; I posted initial thoughts but have Uber-driving for the family right now.
DeleteAs promised, my thoughts on tariffs:
Deletehttps://themilliondollarway.blogspot.com/2019/08/i-just-cant-get-too-excited-about-all.html.