By Darrin Stobaugh
Well if you haven’t figured it out yet, the Treasuries seem to react more on speculation than the actual facts. Today, Treasuries advanced on speculation of what Federal Reserve Chairman Ben S. Bernanke might have on his speech scheduled for Friday August 31st in Jackson Hole, Wyoming. The hope is that he will use this opportunity to further the support for additional actions by the Central Bank to support and push the economy forward. The bright side of this possible action is that we can possibly see lending relaxed a bit and rates to stay low while jobs are being created. A possible win/win. For more of the spectator view, check out: http://www.bloomberg.com/news/2012-08-27/treasuries-advance-before-bernanke-speaks-at-jackson-hole.html
Crude weathering the Storm?
Here at the Guardian Watch, we are not in the business of reporting on the weather, but it appears the weather in the Gulf of Mexico will be a topic, as the oil rigs in the Gulf are battening down their platforms bracing for the now categorized Tropical Storm Isaac, which is expected to turn into Hurricane status within the next 24 hours. Due to this action, production of crude oil will slow down or cease temporarily, raising the cost of barrels of crude oil, and adding to the Chevron refinery fire in Richmond, California is going to drive the gasoline prices higher. This additional cost will reduce the purchases in other sectors of the economy. What is the bright side? This Tropical Storm is estimated to not reach higher than a Category 2 Hurricane, so the possible destruction and interference with oil pumping should be very temporary. In addition, a personal note from the Guardian Watch to the Gulf Coast states, please be safe and listen to your local officials to ensure your continued safety.
Shakespeare Muse under a Parking Lot?
Scratching your head, me too. Apparently a team of archeologists from University of Leicester began to scan a parking lot in the town of Leicester’s city council for the remains of King Richard III. Yes, King Richard III, who was killed in battle in 1485 in the War of the Roses, and buried in the Franciscan Friary known as the Greyfriars, whose church apparently stood on that ground. The puzzling issue for the Guardian is who tore down the church and did not move the body to a more Royal burial site? For more on this unfolding drama, act like an Archeologist and dig your mouse here: http://www.huffingtonpost.com/2012/08/25/richard-iii-may-be-buried-under-parking-lot_n_1830045.html?utm_hp_ref=weird-news
Today’s rates should be tarred over and buried as they are trending up!
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