Unlike the fiends of folklore fright;
No coffin holds them safe for night.
Our Vampires live amongst our ranks;
And haunt us from their central banks.
A. S.
As a reminder tomorrow is a precious metal options expiration on the Comex.
Wednesday is an FOMC announcement.
Let's see if the hinted extension of QE transpires. As if.
The Tories are trying to offset the subsidies for their wealthy by declaring their disabled 'fit to work' and slashing their benefits. And here I thought they could sink no lower. Oh, well done.
This afternon Dennis Gartman forecast that crude oil would literally drop to 'ten dollars' and would, over the next twenty or so years, go the way of whale oil as it is completely replaced by fusion energy (supplied by Lockheed for example). He also urged the US government to start selling oil from the Strategic Petroleum Reserve. Looks like its time for Russia to throw in the towel.
I wonder what Dennis' book might look like? Or whose it might be?
A technology is only as good and effective as its implementation and 'roll out.' This from a country that cannot even repair its bridges, or provide high quality rail transportation, or find the will to update its power grid, or a housing title system that is not based on massive neglect and fraud, or a capital allocation equity market with a level integrity than would not be sufficient for a Las Vegas casino.
Or manage a healthcare system that doesn't look as though it is price managed by Scrooge & Marley, or Sweeney Todd.
Have a pleasant evening.
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