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A few stories worth discussing today pertained to the uprising in Venezuela, the Pres attacking the Fed, and perhaps an upcoming agreement on infrastructure spending. The story in Venezuela is one of geopolitical importance because it’s primarily concerned with oil and gas, but many questions remain and so the situation will remain fluid for some time to come. Meanwhile, the Fed is in the midst of its 2-day meeting to determine the next move for interest rates and right on time, the Pres was out tweeting that the Fed should cut interest rates and embark on another round of QE. If everything is “great,” then why implement emergency measures? Lastly, we discuss the pending infrastructure negotiations.
