S&P futures are flat after Monday’s drop in the S&P 500 where a rout in Apple weighed on tech companies and tensions with North Korea persist; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.
Authored by James Bovard via The Future of Freedom Foundation,
This year is the 100th anniversary of Woodrow Wilson’s pulling America into World War I. Many people celebrate this centenary of America’s emergence as a world power.
But at a time when the Trump administration is bombing or rattling sabers at half a dozen nations and many Democrats are clamoring to bloody Russia, it is worth reviewing how World War I turned out so much worse than the experts and politicians promised.
S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).
Trump was apparently so impressed by the military parade he was invited to watch in France on Bastille Day that he's contemplating following in the footsteps of the French, and a handful of rogue dictators in third-world countries, with a U.S. military parade down Pennsylvania Avenue in Washington D.C. on July 4th.
Authored by Eric Peters via EricPetersAutos.com,
Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.
This is no joke.