Stocks and Precious Metals Charts - Avoir la Pêche

 

“Joy is based on the spiritual knowledge that, while the world in which we live is shrouded in darkness, God has overcome the world.  Joy does not simply happen to us.  We have to choose joy, and keep choosing it every day.”

Henri J.M. Nouwen


"Man is nourished by the invisible, man is nourished by that which is beyond the personal.  He dies from preferring the opposite."

Jacques Lusseyran, Poetry at Buchenwald


“Joy is sometimes a blessing, but it is often a conquest.”

Paulo Coelho


“Joy dwells in the innermost part of the soul; it can be found in a dark prison as well as a palace.”

Marie-Françoise Thérèse Martin de Lisieux


"The most beautiful and natural expressions of joy which I have seen in my life were in poor people who had little to hold on to.  I also think of the real joy shown by others who, even amid pressing professional obligations, were able to preserve, in detachment and simplicity, a heart full of faith. 

Thanks solely to this encounter with God’s love, which blossoms into an enriching friendship, we are liberated from our narrowness and self-absorption.  We become fully human when we become more than human, when we let God bring us beyond ourselves in order to attain the fullest truth of our being.

Jorge Mario Bergoglio


“The real conflict is the inner conflict.   Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost selves?”

Maximilian Kolbe

 

Joy is not a goal or a destination.  Joy is a way of life which we choose by letting go of our self-absorption and pride.

Stocks slumped hard again on concerns about the economy and inflation.

But wonderful to be seen, they rallied again to a little green or unchanged in the quiet trading in the afternoon when the rest of the world has gone to sleep.

Gold and silver were hit hard once again.

Stock option expiration and all that nonsense about disappearing physical inventories in Asia, and the need to scrape the ETFs in the land of hidden leverage..

We appear to be heading into the stagflation I forecast around the end of the last great bubble. The monetary and government policy choices were obviously heading in that direction.

I made a lemon ricotta and marscapone tart today for the first time, as a dessert for our dinner of barbecued chicken and zucchini au gratin.  

The garden is producing bountifully.   We just finished using the last jar of tomatoes we put up from the previous year.

Small graces and tender mercies.

The meme among the walking dead of Wall Street is that this current crisis and stagflation is a result of the stimulus which was given to the public in the form of hundred dollar checks and unemployment relief during the Covid lockdowns.  

Certainly it has nothing to do with the billions in tax cuts for corporations and the wealthy, and trillions in printed money that were given by the Fed to their cronies on Wall Street, in order to foment the bubble in financial assets and another epic transfer of wealth.

They really are shameless.   As old as Babylon, and evil as sin.

Have a pleasant evening.