Monday, August 24, 2015

YIKES WALL STREET! HANG ON

WOW - where did fall come from - We should be back in the 80s by NEXT Monday as a long slow climb in temps start tomorrow and by next Monday we should be back near 86 but even then the dew points will be in the low 60s so it would be sweltering. 

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YIKES  WALL STREET!   HANG ON.  Damn you China. 

Here is the problem.  Even though the US is doing just fine economically China has thrown us a loop. Their economy has been blah so their government decided to lower the yuan to make things much cheaper for their people to buy things.  HOWEVER - what this did was make everything the WORLD sells to them much more expensive.  Add a few shakes of Greece and global investors are rather, skittish.   

Right now the DOW is down another 1000 points.  Hang tight - this is a panic sell off.  Nothing fundamentally wrong.

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Speaking of finance.  I was in a conversation with Wisconsin Economic Development talking about Revolving Loans and failures.  For start-up restaurants expect a default 60% of the time which is why banks don't loan out money for start up restaurants.  Expect normal retailers to default 47% of the time. 

Expansions or relocation of existing business expect a 4% failure.

Of course restaurants that refuse to serve comfort food such as cheese curds to travelers to Wisconsin or other deep fried delicacies I bet it's 95%  :-) 

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YUP - if you are in a fantasy football league I hope you did not draft Jordy Nelson the #7 wide receiver on your lists and #19 over all.  GONE!!!  

BTW - fantasy people.  Eddie Lacy is #2 overall. Aaron Rodgers and Andrew Luck are battling it out for #17 and #18 overall. Rodgers might take a hit with no Jordy.

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GET TO MULLINS - it's their last week of the summer.  THEY have good greasy hamburgers and dare I say the best hot ham and cheese in the tri-county area.

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As for politics.  The first thing to realize is Clinton's email problems is completely media driven.  No one cares except the die hard republicans. It's not hurting her numbers a tiny bit. Polling a little but with votes - nope.  

The Endorsement Primary continues. One of the time tested predictors is how other politicians see things because it seems people listen to politicians who tell them how to vote - so weird.  I guess we don't trust them until they tell us who to vote for!  Makes perfect sense. 

Bush increased his lead over Christie and Walker has dropped to a distant 8th.  Hillary has a commanding lead 310 to 11 over Biden. Bernie is only liked by white democrat's and while I love the guy he has zero chance of winning.  Even Martin O'Malley is beating him.  Bernie gets the buzz but not the votes.     

John Kasich is moving up. 

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May I interest you in this fine tote bag?   The Northbound Empire Builder tote comes in 3 sizes  13x13, 16x16, 18x18  $21 to $26.

 
Have a great day!  

Rod