-"...I was trying to feel some kind of good-by. I mean I've left schools and places I didn't even know I was leaving them. I hate that. I don't even care if it's a sad good-by or a bad good-by, but when I leave a place I like to know I'm leaving it. If you don't, you feel even worse." Holden Caulfield.
I feel even worse. As one of the great nations and peoples of history voted themselves into violence and indentured servitude, I learned the President's kids do their homework ahead of time. The emptiness is enormous. An abundance of notional products oscillating with every tossed tear gas can and vote cast. Spinning wheels of fortune blinking to the frenzied hype of their phony fans.
People debate politics and monetary policy holding onto to some quaint memory that all "this" is for some grand purpose. In fact, its obviously just a "poorly run casino." (Quote from an anonymous friend/mentor) Governments and men are being crucified at the Alter of Stability. Stability being the one thing that surely will not occur. In a monetary regime, prices move. Movement is the mandatory characteristic of a notional economic system.
As we wrote last week, the topic must become loss recognition. Until that time, abandon you desire to attach meaning to the markets gyrations. There's not more to it than you think, there's less. But Sasha got her homework done.
"The mark of the immature man is that he wants to die nobly for a cause, while the mark of the mature man is that he wants to live humbly for one. " You're not crazy Holden - we are.