China: A Distant Mirror Across The Sea.
When Historian Barbara Tuchman wrote A Distant Mirror, she described 14th Century France as an apt analogue to much of what she saw wrong with the 20th Century in which she lived. The people back then were very different than moderns, yet the similarities she documented lead to one of the most compelling historical tomes ever written. A post by blogger Charles Hugh Smith entitled | Read More »
Even Ugly Truth Is Beauty.
“If you speak the truth, have one foot in the stirrup!” – Sid Meyer, Civilization IV. Yesterday offered us a spectacle of why Clusterstock.com is so aptly and humorously named. Yes, the bullish traders and frenetic market-makers got an up-close view of what it was like to be an Angle or a Saxon in 1067. The Dow took a 367 point high colonic and the | Read More »
The Constant Dollar Dow and the Illusionary Bull Market
Work grew boring; I took a break and watched about ten minutes of CNBC market coverage. I walked back to my cube understanding why the Cialis bottle has a warning about erections lasting longer than four hours. They had a big, giant odometer graphic on their screen with 10,000.xx in lurid, red numbers. It was the most important earnings season in YEARS!!!! They loudly announced. | Read More »