"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless."
Francis I, 16 May 2013
07 February 2015
US Equities: Rich Valuations, Insiders Selling
Stocks seem to be rather fully valued in expectations of The Recovery™.
Happy days are here again.
For some.
Central Banker's Joke
Q. How many monetary policy errors does it take to destroy the world's greatest middle class?