"You! You made us in the house of pain! You made us... things!
Not men. Not beasts. Things!"
H. G. Wells, The Island of Dr. Moreau
Who will be next? Who can stand against the dark power of the world, and wickedness in high places? C'est la guerre, sans fin. Ainsi soit-il.
Ex-accounting gimmicks, the US economy contracted in the first quarter. The BEA fudged this advance estimate a bit, showing one of the lowest positive numbers possible, but the economy is obviously teetering on recession driven by stagnant wages, policy errors leading to asset bubbles, and weak aggregate demand. It is not that people are 'saving too much.' The problem is that too many people have too little income.
They will show a revision of the truth at some point when no one cares as much about it. The credibility trap forbids Beltway Washington from being honest critics of their policy and political failures to reform.
Gold declined from 1210 to 1206 to the dollar.
Reports from The Bucket Shop show that 'deliveries,' which are the exchange of claim checks, and warehouse movements were relatively quiet.
The situation in Greece might be more influential than some would allow.
The political and economic situation in the States is 'simmering.'
Uncle Oligarch, wrapped in the flag, is pushing the TPP with an almost desperate zeal. It is surprising how many politicians and professionals have been 'rented' by corporate money in support of the cause.
Smells like teen spirit.
And so a group of fools, driven by greed, will push their perceived advantages, blind to the consequences, even to the point of plunging into the abyss.
They see strength and power in numbers, for they are many.