Monday, June 16, 2014

News - Daily Summary

World: Militants in Iraq consolidate some of their gains while the government claims to have halted their advance. It looks as if U.S. has assets in position if the President decides to act. Iran is also interested in assisting. In Ukraine, Russia has cut off the natural gas supply. Ukraine has enough in reserve to last till September though. Egypt has a new government and Israel widens it's search for three teens that were believed to have been abducted by Hamas. Argentina lost a ruling in U.S. courts and has been ordered to make a payment to bondholders. Argentina is refusing to comply and may default on other loans as well. Besides the usual crimes and tragedies, there were no other new major developments across the world.

U.S.: Stocks were a bit higher today. Oil was a bit lower and Gold was higher. Tornadoes touched down in Nebraska today killing one and injuring many. There is another wildfire in California (this time in central California) threatening homes. 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?