27 May 2020

Stocks and Precious Metals Charts - Devil Take the Hindmost - Here We Go Again


"Hubris calls for nemesis, and in one form or another it's going to get it, not as a punishment from outside but as the completion of a pattern already started."

Mary Midgley, The Myths We Live By


"Over the past 30 years the plutocrats have used their vastly increased wealth to capture the flag and assure the government does their bidding. This marriage of money and politics has produced an America of gross inequality at the top and low social mobility at the bottom, with little but anxiety and dread in between, as middle class Americans feel the ground falling out from under their feet.

Like those populists of that earlier era, millions of Americans have awakened to a sobering reality: they live in a plutocracy, where they are disposable. Then, the remedy was a popular insurgency that ignited the spark of democracy. Now we have come to another parting of the ways, and once again the fate and character of our country are up for grabs."

Bill Moyers, last episode of Bill Moyers Journal, 30 April 2010


“A mighty bubble of wealth is blown before our eyes, as empty, as transient, as contradictory to the laws of solid material, as confuted by every circumstance of actual condition, as any other bubble which man or child ever blew before.”

Edward Chancellor, Devil Take the Hindmost


"This is funny."

Doc Holliday, last words, November 8, 1887, Glenwood Springs, Colorado.

Stocks are reaching for a high note, on a bubble of easy money and slack oversight, as well as a lack of adult supervision.

Gold was hit hard today but bounced back.  Pure shenanigans.

Trump is losing it.  Nothing could be more obvious, even by his standards which are pretty weird.

Not much good can be said for the character of the rest of the political establishment and the elites in general.

That does not bode well for a country skimming the edge of the abyss.

Things could get quite intense and exciting over the next few months.

Learn to pray.

Have a pleasant evening.