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Presidential Primaries

Futures Flat Following Friday's Jobs Fiasco: All Eyes On Yellen Again

Futures Flat Following Friday's Jobs Fiasco: All Eyes On Yellen Again

Every ugly nonfarm payrolls has a silver lining, and sure enough following Friday's disastrous jobs report, global mining and energy companies rallied alongside commodities after the jobs data crushed speculation the Fed would raise interest rates this month.  “The disappointing U.S. jobs report on Friday means that a summer Fed rate hike is off the table,” said Jens Pedersen, a commodities analyst at Danske Bank. “That has reversed the upwards trend in the dollar, supporting commodities on a broader basis.

Bush Wrecked the GOP Long Before Trump Appeared

Max Boot laments Trump’s victory:

That’s why, despite my disagreements with social conservatives, I worked as a foreign policy advisor to John McCain in 2008, Mitt Romney in 2012 and Marco Rubio this year. All of those candidates, different as they were, recognizably represented Reagan Republicanism.

For the time being, at least, that Republican Party is dead. It was wounded by the tea party absolutists who insisted on political purity and rejected any compromise. Now it has been killed by Donald Trump.

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