New article posted below titled “The Monopoly Game for Millennials”
1) The US government will issue $1.34 Trillion dollars of debt in 2018, the highest since the recession. Debt issuance has jump 146% from 2017, with the 2019 debt issuance anticipated to be $1 Trillion dollars, and excesses of $1 Trillion dollars in the following four years.
2) Analysis say Sears mistake, that has resulted in its financial woes, was spending $6 Billion dollars for stock buy backs. If that cash had been used to revamp stores, reduce Sears debt and for working capital, their financial crisis may have been averted. Sears stock has lost 99% of its value and is now considered worthless.
3) Disney’s first cruise out of New Orleans was sold out in just one hour. Disney is the home port for the cruise ship, and other cruise lines are watching closely considering New Orleans as their port too.
4) 30 OCT 18 Stock price closings:
Dow 24,874.64 up 431.72
Nasdaq 7,161.65 up 111.36
S&P 500 2,682.63 up 41.38
10 Year Yield: up at 3.11%
Oil: down at $66.53