27 December 2017

Stocks and Precious Metals Charts - Nativity

"American politics have rarely presented a more disheartening spectacle.  The repellent and dangerous antics of Donald Trump are troubling enough, but so is the Democratic Party leadership’s failure to take in the significance of the 2016 election campaign. Bernie Sanders’s challenge to Hillary Clinton, combined with Trump’s triumph, revealed the breadth of popular anger at politics as usual – the blend of neoliberal domestic policy and interventionist foreign policy that constitutes consensus in Washington.

Neoliberals celebrate market utility as the sole criterion of worth; interventionists exalt military adventure abroad as a means of fighting evil in order to secure global progress. Both agendas have proved calamitous for most Americans.

Many registered their disaffection in 2016. Sanders is a social democrat and Trump a demagogic mountebank, but their campaigns underscored a widespread repudiation of the Washington consensus.  For about a week after the election, pundits discussed the possibility of a more capacious Democratic strategy. It appeared that the party might learn something from Clinton’s defeat.  Then everything changed."

Jackson Lears, What We Don't Talk About When We Talk About Russian Hacking, London Review of Books

Stocks wobbled sideways, sliding out stealthily on light volumes, into the new year.

Gold and silver managed to extend their rally off the NfP-FOMC short term bottom.

Men and women continued to delude and ruin themselves and their fellows, breaking promises and oaths, selling themselves cheaply, and offending against the light, for the sake of their foolish pride and a perverse selfishness that is the consequence of sin.  In the end, that is the only tragedy.
"O Jerusalem, Jerusalem, who kills the prophets and stones those sent to save her, how often I have longed to gather your children, as a hen shelters chicks under her wings, but you would not let me."
And Jesus wept.

Have a pleasant evening.