Putting Iran aside for a moment, I want to point out, besides Iranian news, just how strong the American economy is — war or not. By the way, the Dow Jones index just hit a new record high of 53,178. Today’s Institute for Supply Management manufacturing index came in far higher than consensus estimates, and scored its seventh straight monthly gain. We haven’t seen anything like this in years. And if you run your finger down the survey category — whether its new orders, or production, or employment, or even order backlogs, it’s a power-packed report. Seven straight months.From a policy standpo...
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