Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Reading on the Financial Markets: 6/18/13

Reading on the Financial Markets: 6/18/13

Lee Adler at Wall Street Examiner points out that, under QE, employment growth has just kept pace with population growth.  The only thing QE has boosted is equity valuations.

From WSJ, Stanley Druckenmiller says our current manipulated market leaves no place for actual analysis.

David Sirota at Salon gets to the essence of why PRISM is so dangerous to U.S. citizens: it either violates Article IV of the Bill of Rights, or by claiming “probably cause” it presumes every citizen is a suspect.

Sober Look points to further evidence that China’s slow down is much more than rumor.

Azizonomics wonders whether financial markets have gone “post-human.”


  1. June 19, 2013 at 4:04 pm

    So much for the presumption of innocence, right?

  2. June 19, 2013 at 4:18 pm

    Speaking of the Sirota article? You got it. I aspire to write a full commentary about it… but I often mean to write full commentaries and have yet to finish and post any such undertaking, on any topic. The crux of such a commentary would center around this excerpt from Solzhenitsyn’s “Gulag Archipelago” (which, apparently, needs to become mandatory reading in High Schools, along with the Bill of Rights…):

    “p.64 “…people were sentenced not only for actual espionage but also for: PSh—Suspicion of Espionage—or NSh—Unproven Espionage—for which they gave the whole works. And even SVPSh—Contacts leading to (!) Suspicion of Espionage.”

    We are creeping towards a scenario where dissension is subverted. We have already established in the U.S. that citizens can be detained indefinitely without being charged with a crime, much less tried. We already consider many political crimes (except those conducted by the U.S. government or allies, apparently), “terrorism”. Can you imagine a scenario where a wide swath of subversive behaviors are pushed into the “espionage” basket, prosecuted with the parameters that the Soviets used (above), and prosecutors have the ability to investigate large swaths of past on-line behavior? Stalin would have cried for joy at the prospect. Certainly the current U.S. is not the Stalin-era Soviet Union, and we have a lot of “checks and balances” in place along with a history of freedom. But it’s not unthinkable to me. And it certainly much more plausible now than it was 15 years ago. I believe the U.S.-directed ripples of 9/11 have done far more damage to our country than the 9/11 event itself did.

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