5 February 2019

1) With just seven weeks remaining before Brexit, Scotland is warning of the looming consequences, but so far has been sidelined and ignored. Contend that Britain is not remotely prepared for exit and therefore calls for an extension, fearing a ‘crash out’ will be a catastrophe because EU rules touches every aspect of EU trade, and therefore will cause trade to come to a sudden halt.

2) White House economic adviser critiqued the Democratic tax proposals being pursued as being economically illiterate.

3) Car dealers are holding large numbers of unsold cars with sales expected to drop this year. This will put pressure on manufactures to cut car production and offer deep discounts to lower inventories.

4) 4 FEB 19    Stock market closings:

Dow              25,239.37    up   75.48
Nasdaq           7,347.54    up   83.67
S&P 500          2,724.87    up   18.34

10 Year Yield:    up   at    2.72%

Oil:    up   at    $54.82

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