mental fecal matter in their jobs report. Watch carefully as they downgrade their numbers when no one much is paying attention. You can almost set your watch by them.
You can't have it both ways. First you attack one poster for writing above your comprehension level and then you turn around and denigrate another because their prose isn't up to your standards. Get a damn life.
“Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.”
― Frédéric Bastiat, The Law
History shows clearly that fiat currencies have a limited life.
I went to a seminar once where the speaker passed around a sizable cardboard box contain a huge number of other failed fiat currencies (Zimbabwe wasn't an isolated incident). It was sobering to consider when you know that the FED is doing the very same thing (but with steroids) that caused all the others to collapse.
Is there any possibility that they are awaiting some sort of guidance regarding GAAP? After all, their books must be a bit different than most.
The right to discriminate is a natural right. It should not be confused with a "civil right" which is one bestowed (or even illegitimately curtailed) by legislative fiat.
Remember, government authority cannot collectively be anything more than power we can wield ourselves. That is a foundational concept that few Americans even understand.
Of course, there is the choice to consent to be governed that must also be considered. Doing so waives one's rights and actually increases one's duties and obligations. It's why registered voters, for example, can be compelled to serve jury duty, but ALL OTHERS may volunteer. Get that?
And that means that the black market will still exist and may actually flourish. Alternate sources of supply always appear in markets where price is too high (usually as a result of taxation or tariffs) or supply is artificially restricted.
Yeah, the real curious aspect is that even with the Dow on a run, volume is declining in a stark fashion, which, at least in my opinion, indicates chicanery is afoot.
The fed is opening an auxiliary command and control operation in Chicago apparently fearful of some potential event in NYC according to ZeroHedge.
On the other hand, it may well cause the oil glut to expand. The Saudis must have the revenues or risk revolt.
I certainly hope that to be the case. All this foot dragging serves to undermine the share value.