"If you add up the market capitalizations of just four stocks, Google (Alphabet), Apple, Microsoft, and Amazon, their combined worth exceeds $5 trillion. If you throw in Facebook, you get the top 5 biggest firms by market capitalization, and they compose an amazing 18% of the SP 500."
Michael Pento
"When we had the SARS outbreak China was 4% of the global economy. Today it is 16%. I think markets are right to be worried."
Danielle DiMartino Booth
"Indifference is a form of sloth, and sloth in its turn is one of the symptoms of lovelessness. One isn't lazy about what one loves. The problem is: how to love?”
Aldous Huxley, Eyeless in Gaza
"And because of the increase in lawlessness, the love of most will grow cold."
Matthew 24:12
The Fed provided little of substance today, except to reassure Wall Street and the Banks that they are quite concerned with them.
As for the broader public, not so much. A kind of grudging indifference.
Our national policies are being driven with all the depth and gravity of a Punch and Judy show.
The printing will continue until the application of force and fraud loses traction. And then comes the deluge.
Gold and silver fluctuated around today, driven by the whimsy of what passes for monetary and fiscal policy in this land of make believe.
The situation is much graver, much more serious than you might gather from listening to Trumpolini and his merry pranksters.
The mantra of the spokesmodels and the commentariat was that the Fed 'will do whatever it takes' to keep the expansion going.' Hi ho.
It is fascinating to watch the Senate contort themselves into ever greater levels of logical absurdity and moral bankruptcy, driven alternatively by a lust for power, fear, and greed.
Be watchful, waitful, and walk carefully, one day at a time.
The oligarchy smells gullibility and blood, and is becoming increasingly audacious.
Have a pleasant evening.
