The Pacific rim seems to be getting a bit more active lately. With the earthquakes in Southern California and now an 8.2 quake of the shores of Northern Chile, things are starting to shake a bit. Gazprom raised the price of natural gas it ships to Ukraine. It is not unexpected in that it was discounting the gas and the discount has expired. It's not what Ukraine needs at this time though. Troops are still massed on the border. In Venezuela food shortages continue and now the government is issuing ID cards in order to buy food. Protests continue as the country spirals into greater chaos. Finally, after trading hundreds of artillery, things seem to have cooled a bit between North and South Korea.
In the U.S. there was no major news. Stocks rallied to new highs with the S&P closing at a record high. When the addict gets a dose of drugs, things seem high, but, will it last? GM was in the hot seat over a defect it failed to fix. It has already recalled millions of cars. Why did it take the government so long to act? Maybe being an owner did not help. It is also the day after the Affordable Healthcare Act deadline. What boondoggle that is. I don't even what to write about it.
Overall, it was just another day in the calm before the storm.
What do you think?