In John Williams’ latest newsletter (www.shadowstats.com), he states, “Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system.” I agree. On the 1st day of the government shutdown, the President’s Working Group on Financial Markets kept the selling of stocks, the selling of the U.S. dollar, and buying of gold from occurring. It was clear when you looked at the drop in the price of gold yesterday. It should have been moving up on the uncertainty. Ultimately, market fundamentals will prevail.
For those in pension funds, you might want to gain perspective from the research of Matt Taibbi. He exposes Wall Street’s latest source of unscrupulous activities.
It just keeps getting uglier out there and the truth is harder to discern for the average person. This is emphasizes the fact that our only source of Truth is Our Heavenly Father.