The Last Day of July Brings a Monday
It's that time of year when less happens and folks focus more on taking time off, working a shorter week (summer Fridays?), or outright, straight-ahead, "gone fishin'" vacation. And so the most we can say as we start a new week is that it's the last day of July, and that it's Monday.
On the other hand, last week did bring some drama, thanks to the Trump Administration. The media, especially those who've got it in for the President, made the most of it, of course. With the resignation of Trump's Chief of Staff, we learned that no other Chief of Staff in history resigned so soon. Then there was the new Communications Director, some guy from Wall Street names Scaramucci. He used lots of vulgar language during and interview which was then published in the New Yorker. It garnered a record number of hits on their online site.
Having read that over, it's hard to see what all the fuss is about. At some point, some Chief of Staff was going to resign after the fewest number of days of a new administration. And the use of vulgar language has become common (unfortunately) these days. Members of Congress have already taken up the practice. They sound like little children who just learned curse words. Maybe someone can wash their mouths out with soap, as was once the common practice of mothers back in the day. One can only assume people who commonly resort to such language really can't express themselves in any other way, as my own Mom used to say when she heard the less frequent outbursts of curse words that soiled the air whilst she still walked the earth.
Now we await the next wave of calls for impeachment, which has clearly been the agenda of the inveterate anti-Trump crowd from the moment he took the oath of office. Who knows, maybe they'll succeed?
As for financial markets, they continue to jiggle this way and that, with and occasional thrust one way or the other. For stocks the overall trend remains up. Bonds keep threatening to end their long-running bull market; then turn right around and spoil the party. The only player who's made any noise of changing current trend is Gold, and it's done nothing more than thrown its adherents a bone. It's really not established anything remotely definitive.
Before signing off for this first day of the next week in this summer 2017, we will note one significant event to which we referred last week: the life of baby Charlie Gard ended. The little boy never was released from the hospital, as the parents had wished. It was so sad to hear of his passing. One Catholic commentator mentioned that, since the boy was baptized, he has in his innocence gone straight to Heaven. While we pray for his family, they now have an advocate who stands before Almighty God. Perhaps that's some consolation to his mom and dad.
On the other hand, last week did bring some drama, thanks to the Trump Administration. The media, especially those who've got it in for the President, made the most of it, of course. With the resignation of Trump's Chief of Staff, we learned that no other Chief of Staff in history resigned so soon. Then there was the new Communications Director, some guy from Wall Street names Scaramucci. He used lots of vulgar language during and interview which was then published in the New Yorker. It garnered a record number of hits on their online site.
Having read that over, it's hard to see what all the fuss is about. At some point, some Chief of Staff was going to resign after the fewest number of days of a new administration. And the use of vulgar language has become common (unfortunately) these days. Members of Congress have already taken up the practice. They sound like little children who just learned curse words. Maybe someone can wash their mouths out with soap, as was once the common practice of mothers back in the day. One can only assume people who commonly resort to such language really can't express themselves in any other way, as my own Mom used to say when she heard the less frequent outbursts of curse words that soiled the air whilst she still walked the earth.
Now we await the next wave of calls for impeachment, which has clearly been the agenda of the inveterate anti-Trump crowd from the moment he took the oath of office. Who knows, maybe they'll succeed?
As for financial markets, they continue to jiggle this way and that, with and occasional thrust one way or the other. For stocks the overall trend remains up. Bonds keep threatening to end their long-running bull market; then turn right around and spoil the party. The only player who's made any noise of changing current trend is Gold, and it's done nothing more than thrown its adherents a bone. It's really not established anything remotely definitive.
Before signing off for this first day of the next week in this summer 2017, we will note one significant event to which we referred last week: the life of baby Charlie Gard ended. The little boy never was released from the hospital, as the parents had wished. It was so sad to hear of his passing. One Catholic commentator mentioned that, since the boy was baptized, he has in his innocence gone straight to Heaven. While we pray for his family, they now have an advocate who stands before Almighty God. Perhaps that's some consolation to his mom and dad.
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