Wednesday, May 03, 2006

It's 1979 all over again...

The Jimmy Carter parallels to George W. Bush are starting to become eerie.

Carter - who has since done a better job being ex-president than anyone - was a bit cloying with his religiosity; so weas George W. Bush, but he also sucked up to the theocratic wing of the religious right. But where the real parallels are apparent is Iran and the economy.

But this is too much:

LONDON (MarketWatch) -- European shares gained ground on Wednesday, led higher by commodity-based stocks and gains from companies such as Deutsche Bank reporting first-quarter figures on one of the busiest earnings day for Europe of the quarter.
London's FTSE 100 (UK:UKX: news, chart, profile) added 0.2% at 6,095, the Paris-based CAC-40 (FR:1804546: news, chart, profile) gained 0.4% at 5,262, and Frankfurt's DAX Xetra 30 (DX:1876534: news, chart, profile) increased 0.4% at 6,073.
The pan-European Dow Jones Stoxx 600 index (ST:SXXP: news, chart, profile) increased 0.4% at 341.08, with gains for resource and oil and gas stocks such as miner Rio Tinto (RIO ) outstripping other sectors for the second day.
Crude-oil futures were trading just under $75 a barrel, and June-dated gold futures were trading around $674 an ounce.
A similar theme was seen in U.S. stock market the previous day. Wall Street shares ended higher after solid earnings reports and a rally in oil, mining and metals shares lifted the Dow Jones Industrial Average to a six-year high and the S&P 500 index to its best level in more than five years. See Market Snapshot.
Silver up over 40 cents per ounce on the day. Dollar heading down agains the euro.

He's doing a heckuva job, Bushie.

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