"Where have all the flowers gone.....When will we ever learn, when will we ever learn?"
"Where have all the flowers gone.....When will we ever learn, when will we ever learn?"
I appreciated your posting, Rogar. This is where my head's at, too. When other species, so many of them, start to become extinct, we will soon follow. It's like a snowball rolling down hill. We're all connected. We've failed as a species, imho. We've fouled our nest. Other species try to avoid that.
peaceful, easy feeling
I'm not sure they had the workers/expertise to respond in a timely fashion. I remember reading about a non-electrician named Carrion, who was basically risking his life, learning on the fly, to restore power to neighborhoods pole by pole--and he was just one of many brave souls. Now PR is talking privatized electricity, which is exactly the wrong way to go, IMO. There should be a strong push for a public utility centered around solar and other green methods.
PR lost many people that depended on electricity for medical equipment, etc. We didn’t help them and many died as a result.
The news makes me wonder if a shoe is about to drop in the world of Systemically Important Financial Institutions. The market caps of SIFIs have been dropping recently, especially Deutsche Bank, Unicredit, Banco Bilbao, etc.
Then, on Sunday Treasury Secretary Mnuchin interrupted his vacation at Cabo San Lucas, Mexico, to have a phone conversation with the CEOs of the 6 largest US banks. Then he tweeted his version of the gist of the calls. One can read the Tweet among the press releases of the US Treasury. The tweet says that the CEOs confirm that the banks have ample liquidity … they are having no clearance or margin issues... markets are functioning properly.
Treasury Secretary Mnuchin stated his intention to convene a conference call on Monday with the President's Working Group on Financial Markets.
It may just be a coincidence, but Friday Dec 21 was the expiration date for a lot of market index futures, market index options, stock options, and stock futures... a so-called "quadruple witching date".
… Liquidity is about group behavior and group belief in the solvency of counterparties and the reliability of prices. When no one is sure who is broke, and there is high uncertainty about whether prices are meaningful, we will discover that liquidity has vanished, however plentiful it may have been shortly before.
--Alex J. Pollock
The stock market this Christmas Eve has dropped over 400 points thus far and has breached the sub 22,000 level. I'm old enough to know what happens next in turbo charged capitalism, as are the rest of us, no? Hang on tight and I wish you and yours what stability you can possibly find/achieve in 2019. Rob
I think some of the market volatility is due to the unpredictable nature of the Trump administration, although the mainstream media has not hit on that one, yet. I'm personally starting to browse interest rates. It could be the first time in years when money market or shorter term CD rates might actually beat inflation, although it might take a little while for interest rate increases to trickle down to us common consumers. I'm seeing it as a boon to us conservative investors.
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