Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 10/21/11

Daily Reading on the Financial Markets: 10/21/11

Hopefully Occupy Wall Street and the Tea Party realize that they are railing against the same two-headed Oligarchy sometime soon.

With copper and China flirting with breakdowns, the 2008 replay risk is still in play according to Chris Kimble.

Gail Tverberg makes the case that oil production growth assumptions are overly optimistic.

Tony Pallotta at Macrostory notes while we may be ready to fill the gap with a short term rally, that just sets up another striking similarity to the 2008 chart.

  1. October 21, 2011 at 1:03 pm

    Wow you and I are far too often on the same wave-length, although I am more concerned about the ramifications of an Occupy Wall Street / Tea Party hookup.

    • October 22, 2011 at 9:39 am

      Thanks for the note Options. I agree. Your article was excellent, I agree that those in power likely won’t change the status quo until and unless it’s forced upon them.

  2. October 24, 2011 at 10:00 am

    Ever done any psychology classes on personality types? The types of people that get to the top tend to be (under the color coding method) “reds” – who in my opinion (being a “rainbow” guy – a mix of all of the personality types) are ethically and morally compromised.

    “Reds” tend to play essentially by the rules of rugby (all two of them): “1. Always obey the referee. 2. Whatever the referee doesn’t see, is legal.”

    You can see where this leads to problems… We have a logjam of reds at the top with neither moral or ethical compass.

    • October 24, 2011 at 10:08 am

      …and I would add that they would look at their money, power, and status and say to themselves, “See I was right. This is the right way to lead, because I ended up on top.” Classic “ends justify the means” mentality – only with even further self-serving rationalization.

      • October 25, 2011 at 2:33 pm

        Well said, Options. I think that’s a pretty a good analysis of the 1%, and why we have wound up with the kind of national corporate and political “leadership” that we have. Conversely, Jesus taught that leaders “serve” – that was their primary directive. That idea was not lost on our founding fathers, but it certainly appears to be lost on our current crop of national leaders.

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