Next week should tell us quite a bit.
Now the really tough work begins for the Fed and the financial engineers in turning paper into growth, enough to overcome the harmful side effects of their monetary manipulations.
See you Sunday evening.
“Christianity is not stoicism. The Cross does not sanctify us by destroying human feeling. Detachment is not insensibility. Too many ascetics fail to become great saints precisely because their rules and ascetic practices have merely deadened their humanity instead of setting it free to develop richly, in all its capacities, under the influence of grace.” Thomas Merton, 1958