Late day rally after week NY Fed Empire report this morning.
Trading is thin for the holiday season already. Shenanigans abound.
"An unfettered pursuit of money rules. The service of the common good is left behind. Once capital becomes an idol and guides people’s decisions, once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another. The first task is to put the economy at the service of people. Human beings and nature must not be at the service of money." Francis I
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery."There is a vision to remake the world's economy according to the neo-liberal agenda, and to rule it with an 'iron rod' and the US dollar. It would be under the control, described as benevolent guidance, of an oligarchy of the self-proclaimed wisest and most powerful of the multinational elite. The key goal now is to subdue any effective competition, and to gain the full cooperation of the other major powers. They are now testing their model of a confederation of nations under central control in Europe."