Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
Isn’t it interesting, though, that “systemic risk” only seems to apply to banks?
You never heard these officials say that baby formula shortages pose systemic risk. Or that inflation itself is a systemic risk. Or that dwindling US oil production is a system risk.
Yet whenever the banks and their somnambulant regulators fail, they call it “systemic risk” and pull out all the stops to save them.
Energy companies, on the other hand, which produce the very thing that all economic activity requires, are tossed out in the cold and demonized at every available opportunity by the President of the United States. It’s bizarre logic.
https://www.zerohedge.com/markets/simon-black-i-love-how-everyone-pretends-bank-crisis-over
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Got more important things to do than hang out with you all! :)
just joking have an appt at 7pm I need to attend to. Blessings to you all and see you next week.
Write your congressman and tell 'em to tax the daggum non-profits, NGOs, Foundations and universities!
