14 September 2012

Chris Hedges: The Absurdity of Empire with Laura Flanders





Gold Daily and Silver Weekly Charts - So Far So Good


Next week should tell us quite a bit.

Now the really tough work begins for the Fed and the financial engineers in turning paper into growth, enough to overcome the harmful side effects of their monetary manipulations.

See you Sunday evening.



SP 500 and NDX Futures Daily Charts - Bully Sticks the Breakout


The bulls were able to hold their ground for the week and stuck the close above resistance.

Now the hard work begins, as the initial sugar high of QE3 fades a bit, and harsh reality sets in.

How will the Fed translate lower mortgage prices and the monetization of junk into real growth in the non-financial economy?

And how will the President and a hard core in the Congress make any progress towards reforming and restructuring the economy from a predatory trash heap to a well ordered garden of blooms of growth?

Hope, but not optimism.