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Cavuto: The Democrats are Done

 
 

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It's August.

It's early.

But for Democrats, it's over.

Over. Done. Fini.

At the risk of sounding like I've snapped...allow me this snap judgment.

The Democrats have just lost the presidency this week.

For them, a horrible week.

So horrible...so discombobulated. So inconsistently communicated and messaged, that they've lost their message.

And I think, this election too.

Because here's the deal as we end this week, my friends.

The Dems...are done.

I know. Laugh all you want. And I will conveniently destroy this message in the event I'm wrong.

But here's why I don't think I am.

During this crucial defining period that brought a Russian bear out of hibernation and a befuddled Nancy Pelosi into drilling reality...allow me to drill home this point.

Democrats lost a lot of mojo this week, their only saving grace that it's an August week.

I don't think that will save them.

Not when Russia threatens a new Cold War and the best their presumptive nominee can do is offer hope warring parties could put aside their hostilities...

While his opponent calls Russia what it clearly was and is: a bully. And a bully that must be dealt with.

And if his presidential mettle wasn't tested enough...Barack Obama caves to Hillary Clinton and allows a roll call vote. He's doing it for all good and decent reasons. But nothing good or decent will come of it....her supporters still don't flip over him, no matter what he does to accommodate them.

He's given Hillary a prime time speech. Bill a prime time speech. Chelsea a prime time speech. Is Sox the Cat still around?

My god, who won this damn thing? Show some backbone, man!

Then in the middle of the week Obama's economic team comes out with this grand explanation of a tax cut package that reminds all again...not of cuts promised for the middle class...but serious hikes for those who don't much consider themselves above middle class.

And charges again that these new numbers "still" don't add up as we explored on this very show.

On the very same week Nancy Pelosi read the furor among her own members and decided to backtrack on that no-drilling vote thing.

Not good things for a party that said it would lead the charge.

It shouldn't be this way...with the slowing economy, democrats should be running away.

But they look weak on a military crisis.

Inconsistent on an economic crisis.

And impotent on their own brewing political convention crisis.

Things change. Tides ebb and flow.

But I think we will look back to this week in August as the time the party that had it all in the bag...just puked in it.

 
 

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Contango

No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.

Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.

Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).

Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.