“There is only one thing more painful than learning from experience, and that is not learning from experience.”
Archibald MacLeish
"We all make choices, but in the end, our choices make us.
Andrew Ryan as a character in Bioshock
It will be interesting to see if Dandy Don and the Republicans can get their own house in order.
The party leadership, particularly in the House, encouraged the frivolous use of Congressional time with their fifty odd and meaningless votes to repeal Obamacare. They are now so used to acting like powerless frat boys, that they can't seem to buckle down and get to work.
Well, maybe that is not all that bad, all things considered.
So stocks were wobbly today, because the gross ineptitude of the Trump Administration and the Congress is making most everyone doubt that they can get anything done except the grossest of neo-liberal betrayals of the American public.
They certainly do not seem to be able to create an infrastructure plan, fund it, and still provide sweeping tax and healthcare reform.
Perhaps they will settle down and start acting like adults. I am not putting my money on that particular number yet.
But then again, this is always the real challenge for the superior human beings isn't it? And do not doubt for a moment that the fortunate few think that everything they have is richly deserved, due to their natural superiority.
And so they are puzzled by what they are to do about 'life unworthy of life' that is such a burden on them and their fellows high achievers. And of course they think they get to decide which life is worthy of the benefits of society. Or perhaps they let some other group of thugs, or impersonal 'market forces' to do it.
The obvious solution is single payer for all. Every other developed country has made it work. But for some reason Americans cannot seem to do it. I wonder why?
The root of the problem is predatory profit seeking at work in healthcare, pharma, and financials, areas which are always tending towards monopolies and price gouging when not restrained by sensible regulations.
Gold and silver are still hanging on below key resistance.
I have noted a potential 'inverse head and shoulders' formation on the gold chart. It is part of the long handle in the cup and handle formation.
That cup and handle is much, much easier to see on the silver weekly chart. And so far it looks good.
But as always, formations are only potential until they are activated. What the potential formations needs is that upside breakout. And do not think for one minute that a lot of the Street denizens are not watching that action as well.
Have a pleasant evening.
