"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994
01 August 2012
SP 500 and NDX Futures Daily Charts - Broad Swings As Fed Does What We Expected
Bernanke's Fed did nothing today, and the markets sold off a bit although the markets had wide intraday swings.
Tomorrow we may see something from Mr. Draghi in Europe, and the Non-Farm Payrolls on Friday.