Why is the Financial Crisis Happening Now?

As I write this, Jupiter is rising in Capricorn, making a beautiful trine to Saturn in Virgo. Jupiter rules expansion while Saturn governs contraction and the aspects between the two planets have a lot to do with financial cycles, as Liz Greene and other astrologers have noted.

Normally economic hardship occurs when there is a square between Jupiter and Saturn. Conjunctions and trines typically usher in widespread prosperity.

For instance, during the last Jupiter/Saturn conjunction in Taurus, which was exact on May 28, 2000, we had the tech boom as Uranus squared the duo. On Mar. 10, 2000, the Nasdaq Composite Index hit an all-time high of 5132.52. Just a few days later, it began its descent as Pluto turned retrograde at 12 degrees of Sagittarius, on the U.S. Ascendant in the Sibley chart.

But it wasn’t until Saturn moved into Gemini, out of the same sign as Jupiter, on Aug. 9, 2000, that things got really ugly. That was my sell signal. By August 2002, the Nasdaq had lost 78% of its value.

How can the market be tanking now with this harmonious Jupiter/Saturn trine? One reason may be that Saturn is moving toward an opposition with erratic Uranus in Pisces that will be exact on Election Day. I’ve also heard some astrologers say that Jupiter and Saturn aren’t as powerful in earth signs as they are in other elements.

For instance, the 1982 bull market in equities started around the time of the Jupiter/Saturn conjunction in Libra. However, I will point out that stocks did pretty well with Jupiter and Saturn together in Taurus, an earth sign, so I’m not sure I buy this argument.

Everyone is in agreement that the current crash got under way when Pluto turned direct on Sept. 8, a few days after Jupiter started moving forward again in Capricorn. Earlier this year, when Pluto made a test run in Capricorn after spending 13 years in speculative Sagittarius, we got a taste of welfare for Wall Street.

And now we’ve seen a growing nationalization of the financial sector around the world as Pluto moves through the last degrees of Sagittarius. But despite the jawboning of presidents, prime ministers, and central banker, as well as billions of dollars in government bailouts, the Dow Jones industrial average and other global indexes continue their downward descent.

The Dow reached its all-time high of 14,164.53 on Oct. 8, 2007, about a year ago. Right now, it’s trading at 8,104, having broken the 8,000 level a couple of times today and bouncing back, a sign of support that technical traders like. After the Dow closed down only 128 points, some traders claimed that the market has found its bottom.

For entertainment purposes only, I issued a “sell” warning back in August, when an eclipse squared the New York Stock Exchange Sun in Taurus. But what’s happening now is bigger than the Big Board. Whole countries such as Iceland are going under as the result of a financial crisis that is forcing the “deleveraging” of the balance sheets of banks, investment banks, governments, corporations, and individuals.

Much of this debt was piled on during Pluto’s transit through Sagittarius, where rising values of practically everything encouraged people to borrow to buy something they couldn’t really afford, knowing they would be able to sell it at a higher price later on.

As you can see from this post, I’m thinking out loud. Why is this meltdown happening now, instead of when Pluto moves into Capricorn on Nov. 27? Is it because Pluto has basically been unaspected since Sept. 8, with the exception of a sextile from Mercury in Libra as it went retrograde?

Or are investors selling because they recognize that government control and lower returns are going to be the norm now that the excessive speculation encouraged by a laissez-faire attitude during Pluto in Sag has ended in disaster?

What do you think? I’m looking for analysis based solely on the aspects in the sky over the past month — not based on the NYSE chart or various charts of the U.S. or other countries.

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19 comments on “Why is the Financial Crisis Happening Now?

  1. Monica – Your analysis is very convincing. Saturn /Jupiter transits work in “normal times,” I agree. But as I mentioned the other day, it seems that right now “times are out of gear,” to paraphrase Shakepeare.

    Another avenue for thought: The euro today went really into the tank. Moon was conjunct Neptune in the skies. These effects may not be entirely over, but for certain Neptune in Aquarius, in mutual reception with Uranus, activated by Moon, had a word to say.

    Are we seeing “new times”?

    A signal to watch is where the rich and famous will put their money next. Our cherished fashion model here, Giselle Bundchen, put her dollars into euros about a year ago. So did the Chinese central bank.

    Got some friends in the CIA or Mossad? They may be able to give you some leads…

    Having mentioned the rich and famous, to be complete, let me explain a “theory” I have always believed to be true: If they are rich (or famous), or both, it’s that they have been born under privileged constellations. Like in the stock market, a hot tip works if it’s fresh and one acts upon it immediately, even blindly. That’s why one can follow the rich and famous, providing it’s rapid and before so many others do the same.

    I suspect that “modest Buffett” (spelled it right!) managed to amplify several of his moves by creating an important following of other investors in the very same stocks he had bought before. Only recently it did not work so well. Are the times out of sync?

  2. Gian Paul — It’s too bad that we can’t meet for a tennis game because I’m sure it would be a good one based on our verbal volleys.

    I don’t disagree that people who end up rich and famous are born under lucky stars. But in the U.S. the famous often end up broke. Worse yet, they are often ripped off by their managers or financial advisers.

    One of the things that celebrities do in the U.S. that leads to financial ruin is to get into the restaurant or hotel business. And in this case, they do something quite rare for novas: They put their own money up.

    Inevitably, it ends in disaster after a star-studded opening and six months of good business. Other than Paul Newman and Michael Caine, I can’t think of any celebrities who have had staying power in food and actually made money.

    As we know in Newman’s case, the profits from Newman’s Own salad dressing, tomato sauce, popcorn, lemonade, salsa, and other food products have been donated to charity, to the tune of $250 million.

    Real estate is another popular venture for stars. I’m too busy to do the homework right now, but I seem to recall that Brad Pitt, George Clooney, and some other “Ocean’s 11” stars put their names, if not their money, into luxury condos in Las Vegas at the height of the real estate boom. I wonder how that has turned out.

    The real people to watch are the rich who are quiet, the Warren Buffetts of the world, not the Donald Trumps. You may recall during the last real estate downturn that Trump’s casino operation had to file for bankruptcy.

    When I’ve had my own financial struggles, I’ve always remembered the Donald’s words, based on the famous real estate maxim, “Location, location, location.”

    When a journalist asked Trump what he does when he hits financial trouble, he was reported to have said: “Negotiate, negotiate, negotiate.”

    That reminds of another old saw that seems quite apt for these times. Let’s see if I get it right. I think it goes: “If you owe the bank $100,000, the bank owns you. If you owe the bank $1 million, you own the bank.”

    Check out this link to see what I’m talking about: http://sadguysontradingfloors.tumblr.com/post/53949586/ok-next-hand-wins-a-70-stake-in-wachovia

    The ball’s in your court, GP!

  3. Market Mayhem and Meltdown: What is at Stake?

    The ripple effect of the ‘global’ financial crisis will likely erode the shores of once affluent economies for decades to come. Furthermore, it is going to take a lot more than a Keynesian slight of hand to correct two decades of easy money, poor oversight and weak market self-regulation. But what is really going on? Is this caused by the credit crunch, who is to blame and what if anything can be done?

    The current situation is, I believe, not really caused by the credit crunch at all. This is surely the effect of other causes. Massive over-leveraging, gargantuan over-valuation of assets, excessive spending and a culture of financial risk taking all within a remarkably unregulated market place are surely more logical candidates! The causes, because they are deep rooted and structural, will therefore take many years of radical reform to correct.

    The long term implications of the current crisis are quite profound on three fronts. Firstly, the impact on the long term structure of capital markets. Secondly, the likely effects on long run economic growth forecasts and thirdly, on the shape and trajectory of international relations too – much to the chagrin of US and UK political leadership. Furthermore, with the middle classes taking the lion ‘share’ of the hit as bourses threaten to gravitate ever closer towards ground zero, the once heavily invested middle-classes will be reluctant to engage in potentially risky private equity deals and corporations may have to rely on governments as bankers of first rather than last resort.

    The global financial system prevalent throughout the 1990s and throughout much the early millennium is of course a direct manifestation of the structure of capital accumulation itself, and of the social structures that it relies upon. It is therefore not just credit markets but the entire economic ideology which is the very root of the problem. Evidence for this simple deduction can be seen by the burgeoning income disparity (within and across countries) and the rapid return to Keynesian economics to ward off the wicked witches of financial discontent.

    The bailing out of private equity markets whose traders and brokers have, if you listened to the television and read the newspapers, been somewhat cavalier about asset valuation, its packaging and global re-sale has ushered in a return to protectionist policies that were radically done away with during the Reagan and Thatcherite era! What is different now though is that the US and UK once outsourced industrial production to China and India, but this time Indian companies are beginning to outsource their industrial production to countries such as the UK; Abbey Works in Wales is now owned by Tata Steel; a case in point.

    Whether the crisis emanated from the United States as claimed by Gordon Brown or not, no market has remained untouched, and losses are being felt evenly across every corner of the globe. The source of the problem therefore is not so easily confined to the US alone. It is rather a collective failure to adequately regulate an economic ideology that we have all, albeit to differing degrees, contributed to. Moreover, anybody who has borrowed excessive levels of finance over and above their means simply can not be immune from criticism. As a result, and reflected in the global downturn, this situation is no longer a US or European crisis – it is a universal. It is what HIV is to health and although there is no long term cure, for now, we will just have to keep on taking the medicine.

    That the profit seeking interests of credit rating agencies, when combined with the equally un-tethered profit seeking interests of investment bankers (who love leverage) are combined, as Warren Buffet famously asserted with regard to derivatives, ‘financial weapons of mass destruction’ are born. That the period of easy money started with the oversight of Alan Greenspan in 1995 need not go un-noticed and his voice has been surprisingly silent in the aftermath of such widespread destruction. It is therefore, not the mistakes of Paulson and the like that have got us to this point, it is the work of many, in all countries now affected by the financial crisis.

    Of course, if the leverage ratio (total assets divided by stockholders equity) of firms such as Lehman’s Brothers was at 30.7:1, then it is of little surprise that when US$500 million defaults, the house of cards comes tumbling down. Lehman once boasted having ‘a culture of risk management at every level of the firm’. Yet as we now know, Lehman’s like others were not just gambling with their own money they were of course gambling with ours. Moreover, even though the full price tag of such mal-practice has yet to hit the fan, the current age of complex financial products which are highly ‘securitised’, ‘futured’ and ‘derived’, only makes understanding who owns what, at what price, and in a falling market almost impossible to decipher. In all likelihood, the US$700 billion bail out, different but similar to that in Europe, will be the thin end of a heavily overleveraged wedge.

    Yet, if the truth be told it is in fact not only the greed and poor financial decision making of CEO’s that brought us to this juncture, it is also the greed and poor financial decision making of each and every person who has lived radically beyond their means. None of us is immune. In 2007, when the camels back finally broke, I was shortlisted as an executive for a well know German bank who offered a base salary of US$500,000, with a guarantee of US$500,000 and then a share in the up side. I thought the wages absurd, but would I have signed if offered? OK, back to the story.

    Providing 100 per cent mortgages to the unemployed is foolhardy at best! But, if in order to buy a house or use a car people need to go into debt while it means that individuals, families and now entire economies are living well beyond their natural productive value, it also means that the costs of these basic resources are also hugely overvalued. This crisis is, therefore, about the right-sizing of assets and bringing value back in line with actual national product. Moreover, as financial services are a supply and demand partnership, a contractual relationship between two risk taking free-agents, we all clearly need to accept blame in some shape or form for partaking.

    The current meltdown signifies the end of a particularly unsustainable form of capitalist accumulation whose ideology was the first casualty of the securitisation crisis that started at the end of the second quarter in 2007. Patients with cancer can still carry on daily business, but as the illness deepens, there comes a pivotal moment when complete metastasis kicks in! Radiotherapy (like state bail outs) buy time, we know that, but it does not remove the causes of cancer. A radical change in lifestyle and diet is usually what the doctor ordered!

    Of course, because there is no supra-national global financial watchdog (the IMF is as out of step with the crisis as the average hockey mum!) each country is now on its own, hatching bail plans to keep market liquidity flowing, trying desperately to reassure petrified private equity markets that this is little more than a temporary blip. As the UK, with some justification, buys shares in our banks, with the hope that tax payers will gain in the up side, in so doing we also cement a new kind of public-private partnership that will forever change the face of the financial services industry.

    With CEO’s pay capped, dividends questioned and rights-issues contested the highly motivated profit seeking individual needs to ply their skills (urgently) in another industry. Saving the environment, solving poverty and making conservation both sexy and profitable is the new leadership we now need.

    The winners in this situation will be those individuals, families and countries who have lived within their means, who run surpluses, who are self-sustaining, who can export skills and goods. The US, like parts of Europe in particular, are running increasingly unsustainable budget and trade deficits and with global military deployments to maintain in Iraq, Afghanistan, South Korea and Japan, former Eastern Europe and now Africa, economic contraction will only make the task of stabilising the periphery more challenging than ever!

    Of course, if in the process, rising second world economies are also taking major positions in US and European equity markets, they also stand to gain heavily in any eventual upside too – which is of course fair enough and all above board. But with many financial market specialist quitting the US and Europe in favour of the warm trading winds of the Middle East and Asia, the balance of global economic power is surely shifting like quick-sand as I write. Economies are falling onto recession by the hour. But this is not new and history stops for nobody. New partnerships are created, some rekindled and others die; the process of renewal moves on.

    I just better hope that in the process our leaders are smart enough to make sure that the next generation of financial products have their values firmly rooted in what is good for us all long term not what makes a quick buck over the short!

    For more on the finacial crisis visit http://www.petermiddlebrook.com

  4. Monica, I’m not bad at tennis. At this stage, however, I prefer chess. It requires cool thinking rather than “body heat.”

    From the horoscopes of rich or famous (or both) I have chanced to see, practically all have clear birth indications of being born under favorable constellations. Not necessarily in financial terms, but that may be quite secondary as well. Richard Burton comes to mind, along with Mikhail Gorbachev and Brigitte Bardot.

    There is not a single horoscope that is not dynamic over time. All goes in cycles. The fates seem to confirm that old saying “easy come, easy go.”

    You mention your casino-owning Donald. Well, I agree with you. He does not enter my selection of people to follow financially.

    If a famous person got rich in the process of becoming famous, he/ she obviously gets assaulted by a horde of financial experts trying to make another buck. And that’s where luck comes in. Or destiny: Do they listen to the right one?

    It’s the same when one consults an astrologer: These “specialists,” even if extremely competent, may just have a bad day and give erroneous advice. It happens to everybody. Only the poor person who put her faith into what the star-gazer in question told her may realize quite some time later that it was all wrong.

    Who’s to blame? The astrologer or the person seeking advice? Or is it the destiny of the former or the latter? It’s a never-ending enigma! — Gian Paul

  5. Re: PMIDDLEBROOK’S comments: How frightening and I think true: “each country now is on its own…”

    It’s the first (and who knows last) test of the euro. Looking at the chart of the euro’s inception (Jan. 1, 2002, zero hours, Frankfurt, Germany), the transits it’s getting are horrible. Could it mean the end of that currency?

    Did the UK have the islander’s intuition to stay out and keep on with Sterling? It’s interesting from a symbolic point of view that even the link to the Continent called the “Chunnel” keeps running into problems.

  6. Monica, with respect to the Jupiter Saturn trine, Ray Merriman, in his weekly comment available at http://www.stariq.com under Market Watch made the following note:

    “I think it is also interesting to point out that the Jupiter-Saturn trine in Earth signs for 2008 did not result in stable financial markets as modern day astrologers (such as myself) would have expected entering into this year. I posed the question earlier this year that perhaps the classical astrologers might have it right. Jupiter and Saturn in earth signs are more bearish for financial markets. Earth signs suppress prices, regardless of whether the planets are in a favorable trine relationship or not. This is a victory for the classical rules of astrology over modern day methods, and it is also an indication that the tropical zodiac may be more relevant to financial markets than the sidereal system. In the sidereal system, this trine would have taken place in fire signs, which would be considered more bullish. Last year (2007), Saturn and Jupiter were in trine in fire signs in the tropical system (water signs in sidereal), and the market was at record highs. Fire and air signs are generally bullish for equities, whereas earth and water are generally more bearish. So we score one for the tropical zodiac over sidereal, and another one for classical over modern day astrologers”

    I would note that I have been on Wall Street since 1982, and it was astrology, particularly Richard Nolle’s thoughts in his 2006 and 2007 world forecasts on the Saturn/Neptune opposition of 2007, that pulled the picture together for me. His opinions are at http:www.astropro.com chose the ‘futures’ section.

    Great blog and thank you

  7. The financial crisis has been a long time in the making. Years of debt spending (creating money out of nothing and spending money one doesn’t own) and war (one of the last remaining growth businesses when most manufacturing has been exported out of a nation) helped push it. Programs to redistribute wealth from the productive citizens to anyone else also contribute daily to the “financial crisis.” Engineered dependencies eventually make the house of cards appear to topple. Since it was based on nothing, nothing has really happened.

    A crisis of confidence can be a good thing if the populace were believing in and participating in a “confidence game”. Such eventually is organized crime against the well-being of individuals and their abilities to plan, work, achieve, and live healthily in the sunshine.

    Our growth businesses in US are policing one another, preaching to one another, and doctoring one another. It is not a healthy society that no longer makes its own shoes nor textiles. It is not a healthy society where everyone calls the police instead of helping one another.

    It is not a healthy society where Jesus is synonymous with money and big clubs instead of seeing the healing message or values he taught.

  8. My life sucked as a kid so I believe in taking what I can now. My husband helps me in this. Short sighted looking only at getting it now helps. Those with long views over many lives scare me. I know they are right and I know the sun is much older than the Bible I thump. If my friends really knew me, they’d realize my words of love are really about shared suffering. If I loved people really I wouldn’t wish for what they have or think I deserve it. I also wouldn’t focus on material things, but care about their well-being and happiness … their free expression of thought since people are pretty wonderful on their own without having sin beat into them at an early age like was done to me.

  9. astrology works, basis is there are 9 planets. But now scientists have discovered there are only 8 planets- one was degraded. Is it the reason the economy also is in crisis now/

  10. Was searching for some enlightening thoughts with respect to this ongoing financial mess (and more than that, actual misery and worry for many people). That’s why I consulted the one stargazer in finance I happen to know to be right most of the time. And I remembered this post of her’s.

    Reading what was said then, now appears having been sort of “a gentle conversation”, as the French would say “de salon…”

    More seriously, even reading your otherwise upbeat (and always dynamic Ms Huffington), she now urges Obama to take his proper Chief of the Treasury away from the steering wheel!

    And his collegue Bernanke, to escape unscathed of the AIG mess, to say that if it had been up to him, he would have sued management for distributing those bonuses. A truly fast way to solve that problem!

    Money, “mammon”, Pluto and what we now sense the latter’s transit in Capricorn may mean, all revolve around the same: easy money and how not to loose it. Or as some puritan (they are not totally despicable people) has put it: better never posses easy – come riches!

  11. GP — I’ve been meaning to compliment you on the excellent coverage of Lula’s visit with Obama. I think you were the only “journalist” covering it. In the U.S., the wedding of Tom and Gisele got more ink than Lula/Obama. Don’t know why that is, because Brazil is a very important country. Best, Monica

  12. Brazil, a very important country?

    You must be kidding, Monica. It’s important to the Brazilians and for whom likes to find some still virgin territories (also mental, etc.).

    Brazil is a true laboratory of “human evolution”. Look at Lula and other politicians we have here. So far few of them use speech- writers or teleprompters. They are too genuine for that. Or their audience so far is not “completely screwed-up” or “TV – enslaved”.

    And then, one more observation on Lula/Obama: outside the USA (including Venezuela), Obama is being perceived increasingly as either ignorant or arrogant. Case in point, the text he has paid to be published in around 30 foreign newspapers ahead of the G-20 meeting. Even reading the English original which sounds preposterous. But if you read the German version you can forget all the goodwill created in that country by his “electoral stint” to Berlin last year.

    Obama should not now tell the rest of the world that THEY should :
    1) accelerate in cleaning up the financial mess (created by the US to begin with) and that
    2) THEY confiantly continue to gobble – up US dollars and securities. (He engaged Paul Volcker to deliver that message). Objective: so the US banks and consumers can continue to have a “jolly good time”.

    If Lula is dropping in his popularity – ratings (besides destiny being the main factor, astrologers will certainly concur with that), its because of the US – induced financial mess which now destroys much of his and his follower’s dreams.

    Had Obama only had the sensitivity to give Lula some “international reassurance” that he, Obama, also thinks that Brazil should hold (at least alternatively) a seat in the UN Security Council, he would have been of help. As Monica suggests, Brazil, or Lula at least, could then indeed have felt “being the chief of an important country”.

    Your new Potus should really be a notch more careful: He left Lula disappointed. At the coming G-20, the wishes of President Obama, I think, will be strongly RESISTED. The man appears out of touch with international realities and feelings towards the US. Suffice to read his ” first letter to the world ” (previously mentioned): Its either some sort of blackmail on other leaders – why else publish (paid-for) in the international press? – or the man is still campaigning, and now to the rest of the world. But to my knowledge no foreign leader was born or raised in the US (and even less so in Chicago).

    Imagine how Obama’s language must have read in the experienced eyes of J.C. Trichet, President of the European Central Bank, who now for months asked the US (first Bush/Poulson/Bernanke and then Obama/Geithner/and Bernanke, to speed up!

    And here comes Obama telling the other World Leaders to “be expedient”! Quel culot! (untranslatable).

    My prediction for the results of the G -20 next week-end:
    The only tangible outcome will be strong support for the Chinese exigence to have the US dollar demoted from it’s role as the principal international standard of value. In support of that, one may even hear talk of Madoff and the insecurity created by the proper SEC (that’s the US Government, not just that old fraudster).

    And people like Lula, participating in this G-20, since ever have anyway a genuine apprehension of US financial “dictat’s”. The one preposterous example often mentioned by the Brazilian President is Citi. “That man Rhodes”, ex-director at Citi who forced Brazil into many more years of stagnation then necessary… I actually think that Lula has a point. As much as I will agree with him if he sides with the Chinese rather than with Obama/Geithner/Bernanke in terms of “reserve currencies”.

    Either I must be turning Brazilian myself or then still remember what Jacques Rueff, General de Gaulle’s then economist, was saying about the hegemony of the US dollar. The result of their “French” insistence then was that Nixon had to give in and devalue the dollar in1972. Gold in that year I remember was at 32 $/ounce – 30 times(!) less than what it’s worth today. Something the Chinese appear to have very much in mind at this new juncture of “the world situation”.

    That was a long explanation to defend what I (subjectively) believe deserved to be defended. Even asking myself: why the hell did I have to run into a blog called “Astrology Mundo”? Must have been destiny, once more…

    PS. A very rich former American lady client of mine had bought “a ton of gold”, I mean a lot of the stuff and in 1972(!), because she distrusted Nixon. As I had to think of her now it’s maybe time to buy gold again…

    PPS.I read some report today in an American weekly magazine about truly gifted people looking for a new job (second or third, whatever). What stroke me was that despite all the enslavement created by what I call “artificial America”, i.e. Hollywood, the Trumps etc , (I must stop mentioning names), there is still a “core of solid people” in your country which permits one to think that “in the end all will come out all-right”.

    PPS. I am typing with “two fingers” but that has also its advantages: Just discovered, using “Google what have you”, that if I write Obama, it comes out underlined in red (indicating an error). If I type President Obama, no problem. Must be that Obama actually paid Google to have people paying due respect to the President (?). I can say that because if I type “Lula” (without “President” before), Google does not “put me in place”. Conclusion: so far Lula has not paid Google for this type of service or Google is falling behind.

    PPPS. It’s always better to laugh than to cry!

  13. Here I am back again. And for a good reason. Bloomberg just came out with “Apprentice – Economist – Obama’s” last piece of advice to the rest of the world. Quote:

    “The Dollar is extraordinarily strong because investors are confident in the ability of the U.S. to lead a worldwide recovery and reject calls for a new global currency”.

    Comment:

    1) The Dollar being “extraordinarily strong” is a simple lie. Some months ago one $ was worth 110 Yen, today its 97. Or 1.35 Swiss Franc, today a mere 1. 12. etc. Even the Turkish Lira today is worth more against the US$ then some months ago.

    2) What’s the sense, ahead of the G – 20 meeting to take on frontally the Chinese and reject “calls for a new global currency”? To install a more stable world reserve unit is by far not a stupid idea, many economist are saying.

    3) Is Obama, not knowing himself for sure, now falling victim to the opinion of “old crocodile” – Paul Volcker ???(The latter did not manage as Head of the Federal Reserve to tame inflation for, if I remember correctly, more than 10 years). To be a Democrat does not mean you are a competent economist in the eyes of the rest of the world.

    4) How can you call the same day for international cooperation and solidarity and then pretend to be the world leader as always (forgetting to be the originator of the mess?). Quel culot! (untranslatable again)

    5) Your man is giving increasing signs, citing Chavez from Venezuela (of all countries), to be an “ignoramus”. Or worse, a Nixon? Financially speaking?

  14. Hi Monica, have just reread your article here on the Jup-Sat trine in Earth and the comment thread – this is a good refresher for a March 2009 ‘new’ perspective.

    And here’s a brief note from an old copy of Sybil Leek’s book on Finances : the Earth trine of the two planets indicate more good for earth commodities such as mining, etc. Not sure if you agree, but thought I’d add her view all the same.

    Missing you, jude

    • Jude — Thanks for stopping by. Did you know that Sybil Leek is one of my favorite astrologers? Her work is classic, to be sure. I’ll get back in the game. I’m on the sidelines for a bit because I don’t like what I see. The Aries ingress set for Washington D.C. left me quite alarmed. — Monica

  15. Want some simple opinion on Geithner’s “qualities”?

    While I was reading Huffington Post arrived a Brazilian neighbor of mine. An interesting guy. A “bible” on soccer, also Italian soccer, but with him I prefer talking ecology (mushrooms he knows well) and some esoteric stuff.

    So I showed him Geithner’s picture where he is explaining to Congress what have you… In that picture Geithner had both of his hands visible from the inside, gesticulating. My neighbor is an expert in reading hands, and not just for the ladies of his interest! So here his humble comment on Geithner’s hands:

    1) He will not steel too much (his little fingers being longer then average)

    2) He is a dangerous spendthrift, his thumbs, without any pressure applied, naturally bend all the way back! Is that why Obama has chosen him?

    Talking of the latter: must be his sort of bombastic way of expressing himself (Leo) which calls for reactions. Nowotny, one of the directors of the European Central Bank quibs back: The Euro – zone does not need any “Big Bang” approach!

  16. Zeeks! The Aries Ingress Was a difficult chart to read and i almost gave it a miss because i didn’t want to!

    But you, dear Monica, have other interests you can use the lens of Astrology upon, so share away when you can!!! jc

  17. Why is the Financial Crisis Happening Now?
    I’d just like to quote Sharma’s (an astro-finance specialist) words:
    Sharma sees a clash between fiery Saturn and its arch enemy Leo as a key factor in the recent financial turmoil.
    “Leo is the sign of the sun and the sun is the father in Indian astrology”.“But the son (Saturn) and his father (the sun) don’t get along, so whenever they are sitting in the same house together, they always fight and create ill-will and danger in the market,” he said.
    In late April, Saturn was joined in Leo by Ketu — a so-called “shadow planet” in Hindu mythology that can indicate failure and loss of wealth.
    As Saturn and Ketu fought like “dragons,” Sharma predicted a global financial collapse. Mars’ arrival in Leo at the end of June stoked the flames further.
    And Saturn was again in Leo at the end of August and into September when the financial storm claimed its most high-profile victim.
    When Saturn is 150 degrees away from another planet, in this case Rahu, the North Lunar Node, it tends to reflect a state of uncertainty, of fear.

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