"It is not power that corrupts but fear. Fear of losing power corrupts those who wield it and fear of the abuses of power corrupts those who are subject to it."
Aung San Suu Kyi
"I do think that looking out six months that we will likely see a widening of the swings in volatility, as events drive real people to take certain decisions, and the Banks and their government associates seek to stabilize and maintain their status quo."
Jesse, 14 August 2015
Through the mills of God grind slowly, yet they grind exceeding small;
With patience He is waiting, and with exactness grinds them all."
Baron Friedrich von Logau, Sinngedichte
The bubble in US financial paper continued unwinding today in stocks, despite efforts by the financial engineers to rally them starting with the overnight futures.
There is always a reversion to the mean struck by the fundamentals, sooner or later.
Some of those reversions can be quite impressive, especially to those made stolidly proud through the appearance of their own power and continuing success. How are the mighty fallen.
Have a pleasant evening.
