July 7, 2006
Hello
America celebrated its birthday this 4th of July, and feeling a bit left out the hermit kingdom of North Korea tested a series of fireworks it self this week .The markets responded with a bit of unease fearing children shouldn’t play with fire, taking a break and backing off a bit on Wednesday. Some have suggested that China put the little Prince up to test not the rockets but the US anti missile shield. The feeling is beginning to seep into the market that the summer slow down will induce the FED to take a much needed break. While most of the world is currently fixated on the World Cup in tribalistic fashion, folks in the USA take time to ponder the termination of Star Jones from the “view”. The State of New Jersey decided to shut down its government giving the residents the summer off from the abject stupidity, graft and corruption coming from Trenton. Proving once again why New Jersey has become the laughing stock of the US and the world. If not for the closing of the money making tax revenue generating casinos in Atlantic City no one would notice. Another interesting development this week was the visit by the Prime Minister of Canada, no the discussion wasn’t about trade as reported he too was simply looking for an opportunity to sing karaoke at Grace land.
James
www.jamesfoytlin.com
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