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Wednesday, January 10, 2024

Rambling -- Price Of Oil, US Secretary Of Defense -- January 10, 2024

Locator46512COMMENTARY.

Historical price of oil: link here.

This chart and the current price of oil "blows me away." Consider the "inflation story" for the past two years, and crude oil hardly "participated." Much could be said, but I'll let the professional analysts write about it.

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Secretary of Defense

Lessons learned.

My knee-jerk reaction was similar to what others opined with regard to the recent hospitalization and medical issues involving the Secretary of Defense.

But then, something happened. Mostly the passage of time -- 48 hours after President Biden spoke.  I didn't listen to his remarks and did not read them. All I know is that for the moment, the president is sticking by his Secretary of Defense.

I really, really admire President Biden's decision. On so many levels.

It is coincidental that I was reading / studying Shakespeare's The Merchant of Venus where the phrase "pound of flesh" was prominent. 

Maybe more later.

But this speaks volumes about President Biden, the man.

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