skip to main |
skip to sidebar
"The law has been perverted, and the powers of the state have become perverted along with it. The law has not only been turned from its proper function, but made to follow an entirely contrary purpose. The law has become a tool for every kind of greed. Instead of preventing crime, the law itself is guilty of the abuses it is supposed to punish. If this is true, it is a serious matter, and moral duty requires me to call the attention of my fellow-citizens to it."
Frederick Bastiat, The Law, 1853
The futures hit 1251.25 intraday which is almost exactly what we suggested they would do. And of course it was done on very thin volumes.
Signs of economic recovery? Perhaps. Look around you, and decide for yourself.
Personally this seems much more like typical year end painting of the tape to optimize the bonuses of fund managers and to promote the perception management of the people by the professional politicians. All of this, of course, fueled by liquidity from the monied interests in the banking cartel.
If it is, then this will end badly, as it has done several times before.
