"Most of us are still too sane to piss in our own cistern, but we allow others to do so and we reward them for it. We reward them so well, in fact, that those who piss in our cistern are wealthier than the rest of us.Today, local economies are being destroyed by the pluralistic, displaced, global economy, which has no respect for what works in a locality. The global economy is built on the principle that one place can be exploited, even destroyed, for the sake of another place.A corporation, essentially, is a pile of money to which a number of persons have sold their moral allegiance.No great feat is going to happen to change all this; you're going to have to humble yourself to be willing to do it one little bit at a time.Every day do something that won't compute. Love the Lord. Love the world. Work for nothing. Love someone who doesn't deserve it. Plant sequoias. Be joyful even though you've considered the facts. Practice resurrection."Wendell Berry
14 January 2015
SP 500 and NDX Futures Daily Charts - The Dispossessed and the Alienated
The Retail Sales results for December sucked out loud this morning sending stocks lower, although they tended to try and regain their footing throughout the day.
Oil caught a bid with USO showing a little snap to the upside. We paid 1.63 for full serve regular at Costco today.
There is no recovery. We are in the same 7 to 8 year financialisation with crisis cycle fed by goofy theories, deregulation, and political and financial corruption.
There is a school of thought that says this 'new normal' suits a goodly portion of the one percent just fine, and it is unlikely to change until the people rouse themselves. But most notably this Me Generation is too self-absorbed to do anything even for its own sake until all other options are exhausted. And the political class knows it.
Have a pleasant evening.
Posted by Jesse at 4:15 PM