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| Wall Street Banks and the Fed |
"In the last days the culture of society will become angry and hard, and a trial for those who love God. For people will be self-centered, lovers of themselves and obsessed with money. They will boast of great accomplishments, and strut around in their prideful arrogance, mocking all that is good and kind. They will neglect to love even their own families, and act ungrateful and lawless.
Many will become addicted to hateful and malicious thoughts and hateful words. Slaves to their desires, they will be ferocious, angry despisers of what is good and right. With brutal treachery, they will act without restraint, bigoted and blinded by clouds of conceit.
They will demand and find their delight in the pleasures of this world, and ignore their need to serve God. They may act religious, but they want to serve themselves."
2 Timothy 3:1-5
"Paul turned the Emperor and said, 'When they permitted you to mount your father’s throne, it was only on the assurance that you’d keep the spice flowing. You’ve failed them, Majesty. Do you know the consequences?'”
Frank Herbert, Dune
Risk as measured by the VIX rose, the Dollar continued to fall, and stocks gave up some of their recent gains from a very overbought short term condition.
Gold and silver advanced a bit.
Tomorrow will be New Year's Eve, so trading may be thin to moribund in the afternoon, unless something happens.
The US financial sector is running on hot money.
The spice must flow.
Have a pleasant evening.
