Following on from the theme of last month’s article, on the division between Europe and the USA and a fight for political turf and economic credibility, it is amazing to look at what is occurring in Europe now and how the situation has such clear parallels with the old Europe, especially the Europe that led us into World War II.
The quiet unspoken war between the power houses of Europe and the USA continues and we all sit quietly, in our offices and homes and really notice very little other than the radio-active levels of fall out.
The wonderful thing about democracy is how politicians are just so much more intelligent than the mere people who elect them into power in the first place.
Yes, it is a common fact that democracy has to be seen to be, rather than actually be, democratic. The man with the vote matters very little, he is spun a ‘manifesto’ of ideas that he votes for, but he must then accept that these were simply nice to haves and not necessarily things that would ever occur. In fact he might even find his chosen politician, and or party, swimming in the opposite direction that he voted “for”, without any real explanation.
A long standing definition of a bear market is when the market ignores all good news and reacts negatively to the smallest bad news. Conversely a bull market sees us all ignore any raft of bad news and yet set the market running on any small amount of good news.
As gold hit new highs I was reminded of a lunch back in the mid 90’s, with a stock broker friend. How things have changed, we walked to the restaurant from the JSE, in central Johannesburg and it was a big day as from recollection gold had just gone through the $350 dollars an ounce mark, the sun shone and all seemed right with the world!
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