“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny
05 May 2016
SP 500 and NDX Futures Daily Charts
The economic news this week has been rather poor.
The global economy peaked in 2013 and has been in a gradual but steady decline ever since.