"Time and again we hope for better leaders, but all too often those hopes are dashed. The reason, says Professor Keltner, is that power causes people to lose the kindness and modesty that got them elected, or they never possessed those sterling qualities in the first place.
In a hierarchically organised society, the Machiavellis are one step ahead. They have the ultimate secret weapon to defeat their competition.
They’re shameless.”
Rutger Bregman
"In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it.
So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them."
John Kenneth Galbraith, The Great Crash of 1929
These jokers are shameless.
I am sorry I did not buy even more heavily on that big dip.
Yes this has always been a facet of the markets.
But in 25 years it has rarely been more brazen.
I hope you did not get whipsawed out of your positions.
Let's see what fresh shenanigans tomorrow may bring.
As for the likely consequences, let the devil take the hindmost.
Physical gold inventory levels continue to fluctuate in Hong Kong.
Stock option expiration on Friday.
Have a pleasant evening.
