Economic Collapse

[basserdan]

Today's Economic Calendar
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:00 Fed's Bullard: U.S. Monetary and Economic Policy
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
00:15 PM Randal Quarles: Economic Outlook
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Today's Markets
In Asia, Japan -0.8%. Hong Kong flat. China -2.9%. India closed.
In Europe, at midday, London flat. Paris +0.4%. Frankfurt +0.3%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.3%. Crude -1% to $69.08. Gold -0.1% to $1226.50. Bitcoin flat at $6513.
Ten-year Treasury Yield +3 bps to 3.21%






I'm buying a Powerball ticket
(Or several, or even a thicket),
In hopes I may win
A billion bucks in
The unlikely case that they pick it.

The money on tickets I spent
Undoubtedly wastefully went,
As the odds it's apropos
Work out to point oh-oh-
Oh oh-oh-oh three-four percent.

The lotteries have their detractors,
Who point out, among other factors:
They regressively tax
The shirts from the backs
Of poor and irrational actors.

But what should one say in regards
To those who've considered the odds?
The learned and lettered
Who ought to know better
But still end up wagering wads?

We're not quite as dumb as we seem
To fall for the lottery scheme;
Though remote is the chance,
There's still the romance
That our dollar may buy us a dream.

- Dr Goose