“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.”
“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.”
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.