Friday, July 19, 2019

today's economic news

Glad finally that China placed a big order, so our farmers can sleep better.

Oil will fluctuate for a while. I would unload it at $60. Will not be too surprised if the war with Iran gets closer and oil goes beyond $60. They can shoot down our state-of-the-art drone and show us they are not paper tigers.

Normally you want to raise the rate to cool down an over-heated economy and do the opposite vice versa. It is a bigger risk when we have too much cash flowing and/or too much used for consumption such as buying TVs from China instead of construction.

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