Stocks and Precious Metals Charts - The Sorrows of Financialization and Fortunate Sons

"The flaw with The Fed’s model of real earnings growth is that it is not organic growth, but a massive block of sugar.  And a sugar crash invariably follows."

Anthony Sanders


"There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system...

The tragedy of life, Howard, is not that the beautiful die young, but that they grow old and mean."

Raymond Chandler, The Long Goodbye


"I’ve seen it for years. I’ve seen a media, which has basically ignored the declining middle class, that doesn’t talk about poverty at all, and has no sense of what is going on in the minds of millions of ordinary Americans. They live in a bubble, talk about their world, worry about who’s going to be running 18 years from now for office. Meanwhile, people can’t feed their kids."

Bernie Sanders

Stocks had another wide ranging day, as values attempt to peek out from behind a wall of financialized puffery and fiscalized frothiness.

Gold, silver, and the Dollar both moved higher, as the risk on appetite seemed to temper a little.

"There is no trap so deadly as the trap you set for yourself.”

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.

Stocks and Precious Metals Charts - Pop Go the Weasels

“To escape the pain caused by regret for the past or fear about the future, this is the rule to follow: leave the past to the infinite mercy of God, the future to His good Providence, and give the present wholly to His love by being faithful to His grace.”

Jean-Pierre de Caussade, Abandonment to Divine Providence


"Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring.  This is what baffles the power of Satan.  He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it."

J. H. Newman

He cannot find it because he lacks the faith to see it, and the love to apprehend it.  He is blinded by his pride.

Welcome to October, the month of unexpected falls from heights, and stock market tears.

Stocks were hard charging higher this morning on the news that Canada and the US had come to an agreement on NAFTA II.

But alas, the euphoria wore off in the afternoon, and stocks finished little changed, with the broader small caps getting spanked in particular. Not a good sign for bully.

Gold and silver were lower on the 'risk on' feeling this morning, but recovered quite a bit as the day wore on.

We will be having a Non-Farm Payrolls report on Friday for the month of September.

And a beautiful early Autumn day it was here, the kind of weather that beckons you outside and away from the hysterics of ideologues and the privileged, pampered professionals.

Hell is a stifling dark room behind a door that is a hardened heart, locked from the inside. 

Have a pleasant evening.

The Problem of Corruption in the Professions and the Pressure to Remain Silent

"This is the Golden Age of fraud, an era of general willingness to ignore and justify the wrongdoings of the rich and powerful, which makes every lie bigger and widens its destructive path.”

Reed Albergotti

There is tremendous pressure on professionals to remain quiet about corruption, sometimes obvious and pervasive, in their own professions.

This video discusses a shocking level of systemic corruption in Canada.