Nov

28

The Prez was right with all his comments about Powell being hawkish and "not a little bit satisfied with Powell" and the markets all over the world gave everyone wealth. But now we shall have to hear about "succumbing" and "interference" and the inviolable "independence of the Fed being violated".

Pete Earle writes: 

Here is something I wrote a month or two back regarding the media assertion that the current President is conducting himself in manners vastly outside historical norms.

Oct

24

 From Hamon's New York Stock Exchange Manual, 1865:

"Great gains usually alternate with great losses in this kind of business. One would think that jobbers would soon die of worry and anxiety, and often enough they are seen to be very 'down in the mouth'. But nature is kind, and fits the back to the burden, or rather most of these men have been born with the peculiar temperament of the speculator.

They have an extra amount of hopefulness, and get through life with more excitement, indeed, but hardly with less equanimity on the whole than other men engaged in trade."

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