“To love at all is to be vulnerable. Love anything and your heart will be wrung and possibly broken. If you want to make sure of keeping it intact you must give it to no one, not even an animal. Wrap it carefully round with hobbies and little luxuries; avoid all entanglements. Lock it up safe in the casket or coffin of your selfishness. But in that casket, safe, dark, motionless, airless, it will change. It will not be broken; it will become unbreakable, impenetrable, irredeemable.
To love is to be vulnerable.”
C.S. Lewis
"All creatures of our God and King,
lift up your voice and with us sing
alleluia, alleluia.
Thou burning sun with golden beam,
thou silver moon with softer gleam,
O praise him, O praise him,
alleluia, alleluia, alleluia."
Francis of Assisi
Stocks were reeling a bit today, with fresh concerns about trade relations between China and the US.
Negotiations are expected to begin again about now, and continue into the evening.
Supposedly the US will decide after midnight whether to increase tariffs on China goods or not.
Brinksmanship most likely, but let's see what happens.
Angelo Mozilo was a prominent interviewee on Bloomberg today, as they made the rounds of the SALT conference at the Bellagio in Las Vegas. Angelo, the ex-CEO of the housing crisis' notorious Countrywide Financial, had words about the mortgage markets and the economy for Bloomberg's Eric Schachter. He took care to note how homeowners continue to abuse the fiancial system.
Next up, insights on personal grooming and hairstyles by tonsorial thought leader Sweeney Todd, late of Fleet Street.
Being a Wall Street pigman means never having to say you're guilty, much less sorry about it, for the many lives that you have ruined.
SALT is the brainchild of Anthony 'The Mooch' Scaramucci of Skybridge Capital, and is 'a global thought leadership forum devoted to unlocking growth opportunities in the fields of finance, economics, entrepreneurship, public policy, technology and philanthropy'.
The 10 Year Treasury auction today was rather ugly, and the Dollar continued to dip lower.
Gold is still being held in check, purportedly by a Bank that finds itself holding a largish short which they still hope to cash in.
And stocks are being saved in the US trade every afternoon by the underwriters and assorted wiseguys who would like to get the Uber IPO out the door tomorrow.
Let's see what happens tomorrow with trade and the Uber IPO.
I hear bells faintly ringing, maybe after a last big push higher with a trade deal, or some other flight of fancy. Or not. Things are very risky.
From our oasis to yours, have a pleasant evening.
