And thus the Oasis is open for bizness. Turn it on, crank it up, kick off your shoes and let the good times roll !!

Hungry U.S. Power Plant Turns to Russia for Coal Shipment

http://www.bloomberg.com/news/2014-07-15/hungry-u-s-power-plant-turns-to-russia-for-coal-shipment.html?cmpid=yhoo

but kinda makes some of us old ones feel at ‘home’.  (grin)

Congrats on making this new site available. Kudos to Weston, Job Well Done !

If I may suggest an icon to place at the top of the page for auto refresh……??  ( I know…its some kinda death wish thing with me…)

Better than a pair of shoes I suppose.  My only hope is it takes her a few months to figure out how to post.

Have a question for you. Over at the old Tent to refresh the posting page all I had to do was go up to the headline Posters Paradise and click on it. So far the only way I have found to refresh is go up to the top toolbar, which is a couple inches more I have to move my mouse and click the refresh icon. You have a better way?

Trying to teach a old dog new tricks, I know.  Might as well add set in my ways too. But I like the new place. Figure in a year or two I will get the hang of it. Kinda irks me some that buygold seems to have it figured out and even beat me here. Guess there is something to be said for taking so many naps. Must have come to him in a dream.

Thanks, Farmboy

Awww….did you just have too? It was such a lovely, quiet, peaceful pond you had (past tense) here. And Floridagold had stocked the pool well.  It was good while it lasted. Darn, even had coffee made this morning.  Guess I better go find my lily pad bomb shelter before ‘she’ comes to terrorize.

Long Live The Oasis,

Farmboy soon to be Farmfrog, again. (sigh)

Congrats! Hope to see AuGirl soon.

Someone needs to square away that Farmboy  poster! 🙂

🙂

A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status

Submitted by Tyler Durden on 07/16/2014 11:37 -0400

One can’t help but wonder just how concerned the powers that be are becoming when such an esteemed mainstream media outlet as Bloomberg News would deem fit to defend the almighty US Dollar. “There are always people who say the dollar is going to be replaced, but it hasn’t happened,” chides one strategist (clearly forgetting that nothing lasts forever). As growing concerns of “exorbitant privilege” spread from the usual anti-imperialist foes (Russia and China’s de-dollarization) to close allies like France and now to the world’s growth engine – BRICS, it seems defending what was previously unquestionable itself should be grounds for alarm…

As Bloomberg reports,

The dollar hasn’t budged from its top spot for the past three decades, withstanding repeated efforts to unseat it. Almost 90 percent of the $5.3 trillion a day in foreign-exchange transactions last year involved the dollar, the same share as in 1989, data from the Bank for International Settlements show. More than 80 percent of trade finance was done in dollars in 2013, according to Swift, a global financial-messaging network.

 

…

 

A week after the BNP Paribas plea, French Finance Minister Michel Sapin urged European governments to promote the euro more in international transactions. While he said he wasn’t fighting “dollar imperialism,” his comments echoed those of predecessor Valery Giscard D’Estaing, who coined the term “exorbitant privilege” in 1965, referring to the benefits the U.S. received for the dollar’s status.

 

…

 

“The Fed is the central bank of the world,” said Joseph Quinlan, chief market strategist at Bank of America Corp.’s U.S. Trust, which oversees about $380 billion. “The rest of the world benefits from the dollar standard as well.”

 

…

 

“The U.S. dollar remains dominant in traditional trade finance, and we don’t see a replacement any time soon,” said Astrid Thorsen, the head of business-intelligence solutions at Swift in Brussels. “The yuan is gaining traction, and it has dethroned the euro from second place. But the competition has been between currencies other than the dollar.”

 

…

 

Companies, consumers and central banks around the world prefer the dollar to other currencies, including the euro and yen, because they trust the Federal Reserve and the U.S. government to back it, according to Marc Chandler, the chief currency strategist at Brown Brothers Harriman & Co.

 

“There are always people who say the dollar is going to be replaced, but it hasn’t happened,” said Chandler, who’s based in New York. “The biggest threat to the dollar’s dominance is the U.S. deciding to abdicate one day, not others complaining about it for this reason or that.”

But not everyone is so exuberant…

“The dollar’s role will decline gradually and modestly over time, but it will still remain as the dominant currency,” said Bergsten, founder of the Peterson Institute for International Economics in Washington and a former Treasury Department official. “The euro has already claimed a central role, and the yuan keeps getting more important. Neither will likely replace the dollar, though.”

*  *  *

Dad has two VA nurses coming out so will have to figure out all the new looks, bells, and whistles later. Looks Great !

Catch up with you folks later,

Have a Great Day !

I was going to take a nap but then floridagold invited me to the pool party. 🙂

believe I will just hop right on in.

Place could use a lily pad or two. No problem, I think I can bring a few with me.

Greetings and Best to All, Farmboy

Can I come in the pool too please? 🙂

being thrown some softball questions by the congress critters no doubt. Perhaps she’ll outdovish herself from yesterday and help our pm’s.

Maybe that’ll help the metals a little.

BTW – A BIG THANKS to you guys that have shown up and posted. Winedoc, RNO, Dutch!!

Industrial Production Drops, Misses By Most Since January

Tyler Durden’s pictureSubmitted by Tyler Durden on 07/16/2014 09:24 -0400

For the 3rd month in a row, Industrial Production missed expectations as hopes and dreams of follow through in Q2 remain dashed on the shores of hard data. IP rose 0.2% (missing the 0.3% expectation) and May’s jump was downwardly revised to 0.5%. What is stunning is that Industrial Production has slowed its gains from the polar-vortex Q1 into a much more economically frigid Q2. Capacity Utilization also missed expectations. Perhaps most worrying is the manufacturing industry’s mere 0.1% gain in June – the slowest increase since January.

more

I dunno John. I just post in “text” so … hey you’re the expert around here!

Florida … that post has the little black box with an X instead of a picture …

NM It’s fixed.

Got my 3 Palladium Maples,  still you gotta love the 5 yrs chart ……..

Morning Friends

Winedoc

The battle of 1300/21  continues as the DOW is called higher and higher

Winedoc