"The corruption that has become widely tolerated throughout the various upper strata of our society is shocking in its boldness. And even more shocking is its general acceptability, and too often downright fashionability, among our elite in business and government, and their courtiers and partisans in the various professions. And it provides a corrosive example and temptation to the public.
The breaking of oaths is a serious transgression, and there will be an accounting for it, if not in this world then the next. And sadly it is the partisanship, and the willing gullibility of simple souls given over to the wiles of a skillful persuasion to anger, and willfulness, and hatred, that permits the unscrupulous to prosper."
Jesse, Repentance and Forgiveness the Wellspring of Joy, 22 December 2017
“The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least to neglect, persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.”
Adam Smith
“Evil when we are in its power is not felt as evil, but as a necessity, or even a duty. Sin is not a distance, it is a turning of our gaze in the wrong direction."
Simone Weil
"Then it will be God without disguise; something so overwhelming that it will strike either irresistible love or irresistible horror into every creature. It will be too late then to choose your side. That will not be the time for choosing: it will be the time when we discover which side we really have chosen, whether we realised it before or not."
C. S. Lewis, 1944
Non-Farm Payrolls report this coming Friday may be a market mover.
It is not so much the report itself, but the implications it has to the actions of the Fed which have been distorting markets, back and forth, for the past 30 years.
Gold is often correlated to the US Dollar. Especially if you are looking at the price of gold in Dollars, also known as the gold-dollar currency cross.
Some of the correlation is just the relationship of gold and the Dollar to other things, most likely the real interest rates of Treasuries. But there certainly other factors. I did some in depth work on this using multivariate regression analysis in the past.
I have tremendous sympathy for the ordinary person, especially the aged, who may not have the resources and support to navigate a truly fragmented and too often greedy, predatory healthcare system.
Have a pleasant evening.
