“Corrupt citizens breed corrupt rulers, and it is the mob who finally decides when virtue shall die.”
Taylor Caldwell, Dear and Glorious Physician
"The world is a comedy to those that think; a tragedy to those that feel — a solution of why Democritus laughed and Heraclitus wept."
Horace Walpole, Letter to Horace Mann
"I am not alone at all, I thought. I was never alone at all. And that, of course, is the message of Christmas. We are never alone. Not when the night is darkest, the wind coldest, the world seemingly most indifferent. For this is still the time God chooses."
Taylor Caldwell, My Christmas Miracle
Stocks were slumping again today, in the true sense of the word.
All over America, financial advisors are telling mom and pop, 'stay fully invested. You have no other choice, you have no where else to go.' This is the end all and be all of their objective 'advice.'
With their savings at risk, and their real wages stagnant, it is getting increasingly difficult for the broad public to sustain the kind of buying that supports a consumer driven economy. And the US has failed to create enough client states and colonies to buy their products, although they are more than willing to build them.
And the professional and ruling class cannot bring themselves to understand why the prosperity which they are enjoying is not leading to a resurgent economy and a happy and thriving public. Instead there is a growing discontent and mistrust, which is blamed on foreign interference.
Lies have consequences.
There is no urgency or high volumes in this selling. It is just the unloading by smart money out of the latest bubble that they and their associates have created for their own narrow benefits.
Gold and silver caught a bid. The Dollar was weaker.
There will be a stock option expiration on Friday. This may be the catalyst for a kind of 'Santa Claus rally'
Starość nie radość — old age is no joke.
Have a pleasant evening.
