“A dead thing can go with the stream, but only a living thing can go against it.”
G. K. Chesterton, The Everlasting Man
"Some day an absolutely correct verdict—if you like, a perfect critique—will be passed on what each of us is. We shall not only believe, we shall know, beyond doubt in every fibre of our appalled or delighted being, that as the Judge has said, so we are: neither more nor less nor other. We shall perhaps even realize that in some dim fashion we could have known it all along. The unanswerable and (by then) self-evident truth about each will be known to all."
C. S. Lewis, The World's Last Night
"We can believe what we choose. We are answerable for what we choose to believe."
John Henry Newman
"And because of the increase in lawlessness, the love of most will grow cold."
Matthew 24:12
Stocks soared on the the optimistic hopes for this deal, and were further inflamed by the 'teasters' leaked out during the day about the scope of the deal.
And safe havens like the precious metals and bonds and the Dollar were sold.
The market's ardent faith in the pronouncements coming from the White House about the 'trade deal' was most touching.
We eagerly wait for the details, in addition to the agricultural purchase which both countries needed and wanted.
"Time to buy land, farmers!" says the President, always the real estate developer.
The existing 25% tariffs will not be increased to 30% in October. No decision has been made on the broader December tariffs.
Stocks faded a bit into the close on profit-taking, and the metals regained much of their losses. Silver actually closed up for the day.
On Monday the Bond market will be closed for Columbus Day. Equity markets will be open.
Let's see what additional information and analysis comes out.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
Have a pleasant weekend.
