“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”
Søren Kierkegaard
“When we trade the effort of doubt and debate for the ease of blind faith, we become gullible and exposed, passive and irresponsible observers of our own lives. Worse still, we leave ourselves wide open to those who profit by influencing our behavior, our thinking, and our choices.”
Margaret Heffernan
“The financial system itself continues to exhibit dangerous and erratic behavior; the stock market is rigged and Wall Street is a parasitic wealth transfer operation; commodity prices plummet; junk bond defaults double; derivative exposures remain in the dark; community banks are gobbled up; and the holdings of the mega Wall Street banks become ever more concentrated, with just six banks now controlling over 90% of derivatives and 40% of deposits.”
Wall Street On Parade, 10 December 2015
"Do not be deceived, for God is not mocked. Whatever a man sows, so shall he reap."
Galatians 6:7
Fresh concerns about the slowing economy mixed with continuing concerns about the financial sector and its unsoundness and corruption, causing stocks to struggle most of the day.
Gold and silver were steady.
The Dollar moved a little higher.
VIX remained subdued.
Non-Farm Payrolls on Friday.
Have a pleasant evening.
