27 February 2019

1) Venezuela has 1,700,000% inflation rate, its money now so worthless that the people are now using the Columbia Peso to do business such as paying for labor and buying goods. This has come about because so many Venezuelans are buying what supplies they can get from Colombia.

2) Wal-mart announced they will no longer employ store greeters. This was a job that many handicapped people could do, and there are thousands of disabled workers whose jobs will be lost with limited prospects of re-employment. No reason was given, but the slump in big box retailing was most likely a significant factor.

3) The Central Bank Chief warns that dangers are brewing ahead, the bank closely watching the situation. While the current economy is heathy, fears of the impact of China’s and Europe’s economic future are of particular concern from effects of Brexit and trade negotiations. Also considers the Federal debt making an unstable economic environment.

4) 26 FEB 19 Stock market closings:

Dow               26,057.98    down    33.97
Nasdaq            7,549.30    down      5.16
S&P 500           2,793.90    down      2.21

10 Year Yield:    down   at    2.64%

Oil:    up  at   $55.93    up   at    0.43

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