New article posted below titled, “Failings of the Fourth Estate!”
1) The CIO of Vanguard investments expects stock market returns, for the next decade, to drop down from 8% to about 7%.
2) The national debt has topped $22 trillion dollars. The debt increase is accelerating as a result of the tax cut and congressional spending on domestic and military programs. Additionally, the mounting cost to fund social security and the retiring baby boomers is pushing federal spending up too.
3) In Venezuela the cost for a hamburger is now a months wages for the average worker, with inflation now over one million percent annual. Demonstrations mount against Maduro for not letting relief (food and medicine) convoys come in for his people. Maduro rejects foreign aid fearing it is a conspiracy to oust him. This issue could be a wedge between Maduro and the Venezuela military who he depends on to remain in power.
4) 12 FEB 19 Stock market closings:
Dow 25,425.76 up 372.65
Nasdaq 7,414.62 up 106.71
S&P 500 2,744.73 up 34.93
10 Year Yield: up at 2.68%
Oil: up at $53.34