The US Equity Market Decline from the October 2007 Top on a Percentage Basis with Fibonacci Retracements.
The SP 500 Decline from the October 2007 Top Deflated by Gold in $US, with Fibonacci Retracements from the Point of Secondary Breakdown.
Gentleness and goodness, delicacy toward the weak, pity–yes, pity–toward those who suffer, the rejection of perverse means, the defense of the oppressed, humble devotion, resistance to lies, the courage to call evil by name, the spirit of peace, openness of heart, a vision of heaven, that is what Christian heroism will save. This [Nietzsche's] whole 'morality of slaves' will make it obvious that it is a morality of free men, that it alone makes man free. Henri de Lubac, Spiritual Warfare, 1943
The US Equity Market Decline from the October 2007 Top on a Percentage Basis with Fibonacci Retracements.
The SP 500 Decline from the October 2007 Top Deflated by Gold in $US, with Fibonacci Retracements from the Point of Secondary Breakdown.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack even on the least of men is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." Dietrich Bonhoeffer
Let us commend our past to His abundant forgiveness, and trust our future to His loving kindness and tender mercy. Let us allow ourselves to be fashioned according to His will, not for His sake, but for our own. Remember to feed the least of His creatures, the birds and the animals. And be mindful of the hearts of those you meet, encouraging them with a kindness and a smile.
"A credibility trap is when the managerial functions of a society have been sufficiently compromised by corruption so that the leadership and the professional class cannot reform, or even honestly admit and address, the problems of the corrupted system without implicating a broad swath of a powerful elite, including themselves.
The moneyed interests and their enablers tolerate the corruption because they have profited from it, and would like to continue to do so. Discipline and silence is maintained by various forms of soft financial rewards and career and social coercion."