As the Canadian dollar continues to tumble this morning (the consensus was so confident in its strength, what happened?) and the Euro turns south on news that the Italian elections may have resulted in the mayhem of a hung parliament, the U$ which had already broken out on Friday’s close, continues to strengthen.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
Elon Musk, chief executive officer of Tesla Motors Inc., talks about the outlook for growth, the impact of a U.S. government subsidy on sales and his dispute with the New York Times over a review of a test drive of one of the company’s electric vehicles. Here is a direct link.
Musk is a straight shooter and an incredibly hard worker with the right vision at the right time. Naysayers abound, and seek to subvert his progress on principle. The recent NT Times article seems to have been intentionally malicious in its negative misrepresentations about performance on a test drive. But with a US consumer once more crumbling under the weight of record oil prices, electric cars are no doubt a part of wiser energy solutions for the future.
The stock market has ignored the real economy over the past few months and so far, has ignored the impact of the upcoming sequester. But the ripple effect of budget cuts going into effect March 1 will compound to hurt already weak GDP in 2013.Here is a direct link.
