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Forces under the United Nations. By the spring of 1950, only five short years after the last shot the World War Two had been fired, the United States army had been reduced active force of 600,000. A great number of these were scattered about the world on occupation duty. The armed forces of the communists, soviet russia, remained on a strong wartime footing, and in villager posture. Aggression was soon to come. America would be fighting against tyranny for the third time in 32 years. Korea. The crowded finger of land, but the key important to the free world in the far east. What happened here opened the next major chapter in the history of the United States army. The war began here at the 38th parallel. Just how did this imaginary line become diffuse for a threeyear ex ....
Decline in the dow and other major averages at this thing coming a head. When they stormed the store and the Printing Press area there. The dow did fall to that low of the day of about 229point decline and come back right now. Back 143. Take a quick look at the 10year, as well. This has been rallying as we know for a number of reasons and quite sometime and perhaps an extra bid on the flight to safety trade today. Below 2 again. That u. S. 10year. Watching it for everything from the influence on the Mortgage Market to what it does ultimately send in terms of signals for the Federal Reserve here and policy decisions coming up and we have heard from members expressing like charlie evan this is morning to rather be cautious than hasty to raising factors. If you hang on to that for a second longer cross currents and you ca ....
From the hill say a resolution for a budget deal looks optimistic in congress. A one trillion dollar omnibus spending bill could be released as soon as monday. The bill will need to be passed by the 16th of this month to avert a government shutdown. A fed farewell. Outgoing Federal Reserve chairman ben bernanke speaks today in philadelphia at the American Economic association. Bernanke will particpate in a q a in addition to his speech looking back on his time as fed head. And. The nation is rocked by an epic snow storm. Deemed winter storm hercules. The nearblizzard condtions continue across the country. With the majority of the snowfall today hitting the northeast. Mark sebastian of swan Wealth Advisors joins us now for some trader talk. Hi mark happy new year. Happy new year. Id like to ask you, were starting off ....