Desolation Canyon

Final pictures of Desolation Canyon, UT and CO River.  It’s pretty quiet tonight so I figured I might as well put up the final group of pictures from Utah.  She only needed 3 weeks to finish up her research and so ended up on another trip down the Colorado River through Cataract Canyon once her three weeks were finished.  She spent a night between trips in Green River and then hopped on a small plane for a quick flight to catch up to a group that was already poised to put in the water.

This is her rowing the raft loaded for three weeks.  They all took turns and got to her research area in 1 1/2 days instead of the 3 it normally takes.

One of her buddies below.

Colorado River…………….view from the air.  Haze is smoke from various fires.

Exploring a canyon close to camp below China Doll Peak.

Hiking down from the peak.

Working their way to Lake Powell.

View from the peak.

Bits & Pieces (Thursday Afternoon Open Mic)

A message from George W. Bush and Bill Clinton:

Morning Report 7/5/12

Vital Statistics:

  Last Change Percent
S&P Futures  1369.9 1.9 0.14%
Eurostoxx Index 2316.5 4.0 0.17%
Oil (WTI) 87.89 0.2 0.26%
LIBOR 0.46 0.000 0.00%
US Dollar Index (DXY) 82.66 0.877 1.07%
10 Year Govt Bond Yield 1.62% -0.01%  
RPX Composite Real Estate Index 182.8 0.3  

Markets are up slightly on moves by the ECB and some encouraging economic news on the jobs front. Overnight, the ECB lowered interest rates to 75 basis points and cut the deposit rate to zero. Bonds and MBS are up slighlty.

The ADP employment change report reported 176k new jobs were added in June, which is much higher than the 100k estimate economists were forecasting. The official non-farm payroll data will be released tomorrow. Initial Jobless claims dropped last week, falling from 388k to 374k. 

Today is the first Thursday of the month, and that means retailers are reporting same store sales.  So far, most retailers are missing estimates.

Finally, Heard on the Street discusses how the housing market is finally a bright spot in the economy, though its size relative to GDP has shrunk tremendously. 

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