Into the summer doldrums with a headache, the market tensions pull with intensity. Jobs down, inflation up, fed fears of inflation, oil up, Middle East in turmoil, earnings good but economy slowing, bet on commodities. Liquidity down: month to date earnings off 1.3%, YTD up 9.7%, budget deficit up 7.3%. Support the troops, pray. I’m short.
The Devil promises a utopia of worry-free egalitarianism beckoning you to an Orwellian hell of despondency. Its a matter of giving or taking. Work for your family and community supporting the common good, or take from the wealth of those who produce and promise benefits to those who do not and those destroyed by the theft of their own creation.
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