“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
— Henry Ford, American Businessman (1863-1947)
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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We are getting closer to “Tomorrow morning”
I could be wrong. I thought the revolution started already, i.e. Ireland, Iceland, Arab spring, Greek, Spain, UK, TEA parties, and OWS. It is the process of democracy echos support not the violence. Remember the movie “National Treasure” If there is one thing I learn from the movie is this – “Government should be setup so no man should be afraid of another.” It is no longer true in many countries. Isn’t it? Just look at how protesters are treated. Since when guardians become dictators?! My 2 cents. JW, Vancouver.
Hi Danielle,
I can’t agree more what you have already highlighted. I came across following two quotes and very first thing came to my mind is to share with you !
The false can never grow into truth by growing in power.
– Rabindranath Tagore
Beware of false knowledge;
it is more dangerous than ignorance.
– George Bernard Shaw
Thanks for sharing your knowledge with your readers.
GS, Ottawa