The dollar crossed up and over the 89 cents mark against a basket of the world’s top currencies. I would like to see our dollar worth a dollar, so 11 more cents to go. Stocks closed at a new record high Dow total of 17,959. I think the stronger dollar plus the U.S. economy’s rising, is attracting foreign investment. Just buying stock traded in dollars means the stock is going up as the dollar increases. Also, crude oil is traded in dollars which pushes down the price of crude. Boone Pickens was on the talking shows trying to talk crude up. No luck. U.S. production will continue to increase. Many of the frack wells are in the $40 range. There will be no decrease in efforts to produce more crude in the U.S. because of the lower price. Hear me. Crude will continue to drop in price until it is so cheap that then and only then will efforts slow, wells capped, much as happened with natural gas in the U.S.. President Putin, pronounced Pooh TIN, close to Pooey! Will be encouraged to attack Ukraine. You know the Ukraine was the bread basket of the Soviet Union. That was why Hitler wanted the Ukraine and Poland as territory for the future of the greater Germany. That is why the SS was killing all of the people as they went. It wasn’t just the Jews, though they got special attention, Hitler and his group intended genocide of all the people in the East so they could colonize their land with pure Germans. The Soviets found all of those mass graves when they returned, filling them with a terrible rage.
Pooh Tin may chose a diversion into the Ukraine to take his people’s minds off the Russian economy. We should provide the Ukraine with a dozen or so M1 Abrams tanks so they could take out all the Russian tanks, assuming the Abrams could carry enough shells. The Ukrainians need some Apache helicopters and a couple of squadrons of F17 all-weather fighters with advance missiles and telemetry. The Ukraine needs to train with NATO and receive proper training and equipment so they can defend themselves.
Why does China keep barreling along even under their communism and Ukraine and other countries cannot prosper the same way? What is the difference? How do we help the Ukraine get moving in a capitalist system and earn a better life for their people? What do they need to do? If it farming is knowledge, maybe we can bring some of their people over here, thinking wheat, and they can have an exchange with our Midwest farmers, show them what we are doing to increase yields. I am sure they could teach us something also.
The new job reports came out this morning and it was 80,000 higher than the experts predicted hitting new jobs growth of 321,000 last month. That is why the stock market set a new record today. Crude dropped another dollar today to $65.63/barrel.
Gasoline is unchanged, down 0.08 cents/gallon at the average rack in Selma. Diesel fuel slipped by 0.40/gallon. Prices are:
Have a great day,