Wednesday, June 11, 2014

News - Daily Summary

World: Violence in Iraq has re-emerged. Militants have take Mosul and are threatening new cities and towns. They have also stolen over $400 million from a central bank in Mosul. The Iraqi Government has requested U.S. air support and assistance because their armed forces seem to be ineffective. Here we go again! Things seem to have cooled down a bit in Ukraine as the government and Russia negotiate for natural gas. Lets see if things continue to cool off. Israel conducted an Air strike against Palestinians they claim were shooting rockets into Israel from Gaza. One Palestinian was killed in the air strike. There were no other new major developments in the middle east. Besides the usual crimes and tragedies, there were no other major developments across the world.

U.S.: Stocks were down today. Some say it was in reaction to Eric Cantor's primary defeat. Gold was flat but oil was higher due to concern over Iraq. Besides the usual crimes, tragedies, and trivialities, there were no other new major developments in the U.S. today.

It was another day in the calm before the coming economic storm.

What do you think?