We’re Partying Like It’s 1980, Part 2

Shortly after the Philadelphia Phillies won the World Series, I started noticing parallels between now and 1980, the last time the Phils were the world champs. As astrologers, we know that this is more than coincidence — the 28-year difference between now and 1980 marks a Saturn cycle.

Here’s the latest evidence that Saturn, the planet of restriction, leads to fewer jobs when it’s in the sign that rules work, Virgo, as it is now and was in 1980. The headline on the story reads: November jobs losses could be the worst in 28 years.

The Last Days of Pluto in Sag

I don’t know about you, but I’m counting the days until Pluto leaves Sagittarius on Nov. 26. Of course, my Mars is at 29 degrees of Sag and with Pluto sitting on it, I feel like I’m literally under the gun.

Speaking of guns, evidently there’s been a huge increase in sales of firearms and ammunition since Barack Obama was elected. Here’s an article from a newspaper in Elmira, N.Y., about the surge, which merchants attribute to fears that there will be new restrictions on gun ownership.

Sagittarius is the sign associated with the cowboy, so I think it’s fitting that folks are stocking up on guns and ammo in the last few days of Pluto’s transit through the sign. I know, cowboys carry a lasso, not a gun. I guess I saw too many movies about the trigger-happy Wild West when I was growing up.

Another Sag archetype is the pirate, and today it was reported that Somali pirates hijacked $100 million worth of Saudi oil.

I think we’ll be hearing more about cowboys and Indians during the next few days as Pluto takes his last ride in Sag before moving into the sober sign of Capricorn.

Any other Pluto in Sag sightings? Let Astrology Mundo hear about them.

The Financial Future Foretold?

As I’ve said before, I’m not a great believer in conspiracy theories because sh** happens. However, I will admit to being spooked by an article I found on the Web that was published in late March by an Australian news site about a closed hearing of Congress on Mar. 13, ostensibly to discuss surveillance.

The report says the hearing included a discussion of a “September 2008” financial crisis that will precede a complete meltdown of the U.S. financial system in February 2009. It makes you wonder. You can read the chilling article here.

Like I said, I’m not one of those New World Order folks. Having said that, the fact that back in March legislators were discussing a September crash, which came to pass, is pretty darn scary. I don’t believe everything I read on blogs, but this appears to be a legitimate news site from Down Under.

We’re Partying Like It’s 1980

A couple of interesting factoids: The last time the Philadelphia Phillies won the World Series was in 1980. That was 28 years ago, which is a Saturn cycle. The Phils are celebrating the Saturn return of their last world championship by winning another.

Also, in today’s headlines about the economic news, there are a few references to 1980. Here’s what USA Today says about yesterday’s gross domestic product report: “Consumer spending, two-thirds of economic activity, plummeted at a 3.1% rate — the steepest fall since 1980.”

Michael Mandel Gets It

As readers of this blog know, I’m a bit of a groupie for economists. One of my favorites has long been Morgan Stanley’s Steve Roach. He used to be chief economist for the firm and write the weekly economic commentary, which mere mortals could read because it was published on the company Web site. In April 2007, Roach was promoted and named chairman of Morgan Stanley’s Asia operations. He stopped writing his column.

It’s our loss. Roach has been warning for years that the trade imbalances between China and the U.S. are not sustainable, and that the cozy situation where the Chinese lend us money (by buying U.S. Treasury securities) so we could buy the toys that they were manufacturing, even though we couldn’t afford them, was not going to last.

Michael Mandel, the chief economist at BusinessWeek, recently wrote a piece, “It’s Not a Crisis of Confidence,” that takes this idea that trade imbalances cannot be sustained a step further. Mandel argues: “Long accepted patterns of cross-border technological transfer, foreign trade, and global finance are simply not sustainable.”

If you only read one thing about why the financial markets are in turmoil, this should be it. Mandel gets it.

Saturn in Virgo: The Return of the Skinheads?

I spent part of the last transit of Saturn through Virgo (1979-1981) in London, where I was a student and held a variety of odd jobs under the table because I didn’t have a work permit.

Rebuffing opportunities to join London’s ubiquitous sex trade, I was able to eke out an existence without turning tricks by laboring as a barmaid, a nanny, and a word processor. In fact, one owner of an office-temp agency seemed genuinely surprised that I would rather type up the specs for an architectural project for 5 quid an hour than make a quick tenner performing a sex act.

Another place I toiled was a consulting firm that was conducting a study on the fallout of the deindustrialization of the North of England. British readers may recall how the value of sterling soared in 1980 and then plummeted in 1981, as Prime Minister Margaret Thatcher and the Bank of England sought to rein in inflation. The rising pound helped drive industry out of Britain to lower-cost destinations because it made wages expensive relative to other places in the world. Britain’s trade unions are notoriously resistant to change, which may have accelerated the exodus of jobs.

I remember a cartoon in one of the British papers in 1981 had a man dressed up as a robot going off to work. When his wife asks what he’s doing, he replies, “I don’t want to get the sack at Leyland,” a British carmaker that was investing in robots for its assembly line.

Ever seen The Italian Job with Michael Caine? Besides Caine, the stars of the 1969 film are Austin Mini Coopers. The sun was already setting on British industry by the late 1960s, but there was a time when Made in Britain was synonymous with quality and craftsmanship. It still is for the newly rich Chinese and Indians who are buying Bentleys.

Back when I was in London, sheikhs who’d gotten rich from the oil shock of 1979 were fond of taking their entourage to shop at Harrods. These days, it’s the Russian oligarchs who are enjoying the best that Britain has to offer, even to the point of buying soccer teams, the way that Roman Abramovich has with the Chelsea Football Club.

Owning a football club is the ultimate status symbol in England. As Britain has surrendered its hegemony in world politics and its manufacturing prowess, the pride of its citizens is firmly fixed on the one arena where the country is still a dominant player — soccer. Of course, finance, literature, theater, and music are other sectors where Britannia often rules.

Back when Russia was still in the iron grip of communism and a command economy, Saturn in Virgo was decimating the working class in the U.K. This helped fuel the punk rock movement, whose martyrs were Sid Vicious and his American girlfriend Nancy Spungen. Oddly enough, Vicious and Spungen died on Feb. 2, 1979, the day after a revolution installed a theocracy in Iran.

Vicious and his band the Sex Pistols mocked the British class system, with royalty at its pinnacle, in their classic God Save the Queen.

The class rage embodied in the punk cultural movement was fueled by the loss of meaningful work and loss of faith in the future. The British class system functioned efficiently, if unfairly, when there were jobs for the working class, who didn’t have much mobility in the calcified structure of Britain’s social and economic pecking order.

When I lived in London, louts and yabbos shaved their heads and went “Paki-bashing,” or beating up immigrants of color. Some of these alienated British youth called themselves “skinheads.” They preached white supremacy and formed a dangerous fringe political movement that exists to this day.

Flash forward to Upstate New York in 2008. Saturn is once again in Virgo and manufacturing jobs have been scarce for some time in the area, a trend much commented upon by blogger and author Jim Kunstler, who lives in Saratoga Springs, N.Y.

A former college comrade who considers himself a “thinking conservative,” was recently harassed with racial epithets while riding his bike. In his blog post, he wonders why he is being called the “N” word when he’s white and why hooligans are screaming “Obama Sucks” at him.

As the London consulting firm where I worked during the summer of 1981, the study I typeset carefully documented the side effects of unemployment — alcoholism, drug addiction, and violence. Rage at not having work finds a target — whether it be “Pakis” in London, a presumed Obama supporter on a fancy bicycle in Albany, or Jews in Nazi Germany.

The dangers of the deindustrialization of America, which has been going on since the last time Saturn was in Virgo, are becoming quite apparent now that our financial and housing bubbles have burst.

Any economist can tell you that wages have been stagnant in the U.S. for years. We’ve only managed to persuade ourselves that our standard of living has been increasing by working more hours and borrowing more money. Britain’s class lines blurred a bit under Tony Blair’s Labor government, but debt was the lubricant that made mobility possible on the other side of the Atlantic.

Now that credit is drying up and the only jobs to be found for working-class Americans are at Wal-Mart or in the U.S. Army fighting an endless war on terrorism, a new generation of angry young men is starting to awaken. Will the outlet for their aggression be a new musical movement or a string of hate crimes?

This AP story highlights the rise of racism in the runup to the election.

Out the Comet’s Ass: A Cosmic Guide to Paul Krugman

Out the Comet’s Ass picks up the thread of New York Times columnist Paul Krugman and his Nobel prize in economics. Comet’s excellent analysis can be read here.

Being trigger-happy but oh-so-superficial, I got the ball rolling earlier in the week with my Krugman post, but didn’t bother to look at secondary progressions and transits of the future, as Comet does. Bravo!

California: Buddy, Can You Spare $7 Billion?

There has been so much financial turmoil in so many places, it’s hard to keep up with it all. BusinessWeek, whose cover language this week is the Pluto in Capricorn-inspired “The New Financial Ice Age,” recently ran a story on California’s financial problems. The headline was “California to Feds: Got a Spare $7 Billion?”

What’s going in on the Golden State? Well, transiting Saturn, the stern taskmaster, is conjuncting California’s natal Sun in hard-working, health-conscious Virgo. You don’t have to be a California Psychic to figure out that’s going to result in some belt-tightening around those very toned California abs.

You can look at California’s chart here, courtesy of Astrodienst.

Back in June, I wrote about the imminent conjunction of Saturn in Virgo to the California Sun, which is also being opposed by Uranus in Pisces. I predicted everything from increased wildfire activity to possible unrest among Golden State residents.

This time, though, I have a prescription for Saturn in Virgo. Here’s my solution to California’s fiscal woes. So many people, Americans and Mexicans alike, want to enter the Golden State that I think California should set up toll booths at its borders and collect a fee from everybody who wants to come in.

Why does everybody want to come in? No, it’s not just to enjoy California’s splendid natural beauty and laid-back lifestyle and to catch a glimpse of a movie star or two. (Remember, this is a state where movie stars like Ronald Reagan and Arnold Schwarzenegger have been elected governor.)

With a Virgo Sun, California’s main attraction is work. According to The World Factbook published by the CIA, if California were an independent nation, it would have had the 10th largest economy in the world in 2007.

Before you dismiss the idea of tolls to enter California, consider this: New York City essentially does the same thing by charging fees on tunnels and bridges leading into the Big Apple. For example, it costs $8 to cross the George Washington Bridge from New Jersey into New York. (No toll going out.)

Californians will hate me for my next idea: tolls on highways. I recently drove from New York to Washington D.C. and was astounded at how much the little state of Delaware (represented by Senator Joe Biden) manages to extract from you for driving a few miles on Route 95.

I used to do this drive on a regular basis back in the Eighties. Driving through Delaware was free then. Now, I think it’s $9 or more. Forgive the sloppy reporting here. If I wanted to Google this morning, I’m sure I could find the exact toll and the exact number of miles you’re on Route 95 through Delaware. But I want to help California solve its economic woes instead.

I hope my commenter SFMike, who writes the Civic Center blog, will weigh in on these civic matters. I’m sure there are some highways in California that already have tolls, but I’m thinking of Interstate 10 running from Los Angeles into Arizona.

Maybe “the 10” needs to become a toll road. I know that truckers would be hurt because this is a main thoroughfare for them to transport produce out of California, but desperate times require desperate measures.

I’m sure there are some truckers or libertarians out there who are going to explain why states can’t or shouldn’t be allowed to collect tolls on interstate highways. In advance, I will tell you that it’s done in the Northeast on Interstate 95. Perhaps 95 has been declared a state road for the stretch that runs through New Jersey, Delaware, and Maryland. I plead ignorance.

That’s what’s great about blogging. Somebody out there who is a taxation or federal highway freak will write in and set me straight.

So to steal a line from that great California film The Graduate: “I just wanna say one word to you. Are you listening? Tolls.”

P.S. If you click on the “plastics” clip from The Graduate, you’ll be amazed that even in the revolutionary times of 1967, people still had manners. When Ben (Dustin Hoffman) turns away from talking to the women, he says, “Excuse me.” When the plastics man says, “Ben,” he replies, “Mr. McGuire.”

How many times have you been at a party when someone you were talking to was whisked away and never bothered to say, “Excuse me” or “I’ll catch up with you later”? Geez, I’m not turning into my mother. I’m turning into my grandmother!

Is Alan Greenspan to Blame for the Bubbles?

Yesterday, commenter Gian Paul suggested that Lehman Brothers CEO Richard Fuld is being singled out unfairly as a scapegoat for Wall Street’s woes.

As I noted in my post yesterday, Fuld may be the poster boy for the Street’s greed, but the angry mob may have a bigger fish to fry: Pisces Alan Greenspan, who served as chairman of the Federal Reserve for 18 years.

Greenspan’s tenure (1987-2006) coincided with two bubbles — one in Internet stocks and the other in real estate. The bursting of the real estate bubble is the trigger for the current financial crisis. Here’s Greenspan’s chart, courtesy of Astrodienst.

It’s set for noon on March 6, 1926 in New York because the time of birth is unknown. Interesting that the Father of Easy Money has a generous Venus/Jupiter conjunction in Aquarius broadly opposed by bubble-oriented Neptune in Leo.

As Neptune in Aquarius was transiting his Venus/Jupiter combo in technology-oriented Aquarius, Greenspan became besotted with the idea that tech had created massive improvements in productivity that were not being reported in the official figures. This gave birth to the notion of the New Economy.

Of course, who could blame Greenspan for not recognizing that the Internet would give us new ways to waste time, say by watching Tina Fey’s imitation of Sarah Palin on Saturday Night Live via You Tube? While we’re on that topic, wasn’t Queen Latifah awesome in her spoof of Gwen Ifill?

(BTW, You Tube has taken the Fey debate video down, citing copyright issues by NBC Universal, which airs SNL. Guess we’ll have to do some work today.)

Anyway, I’ve been reading a trenchant indictment of Greenspan by William Fleckenstein called Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve that accuses him of self-delusion in his memoir The Age of Turbulence. Can you imagine: a Pisces guilty of self-delusion?

Other than the house of cards collapsing on Wall Street, what’s behind the attacks on Greenspan’s legacy? Saturn in Virgo is currently opposing his natal Sun.

So what if Greenspan didn’t do his duty as Fed chairman by taking away the proverbial punch bowl before the party got too wild? Well, we’re waking up to a massive hangover, in this case once deferred if Greenspan’s critics are correct in their allegation that he dealt with the bursting of the dot-com bubble by creating another bubble in real estate. So consider it a double-whammy of a hangover.

If you’re interested in this school of thought, check out The Mess That Greenspan Made, a blog that blames the former Fed chairman for just about everything, except perhaps childhood obesity.

Since I wrote this post, The New York Times has published an article questioning Greenspan’s laissez-faire attitude toward derivative instruments. The heat is on.

Sorry, Mr. Greenspan, I think I’m going to file this post under “Fallen Heroes.”

Mother of All Bailouts Signed into Law

On Friday, the House of Representatives passed the “mother of all bailouts,” formally known as the Emergency Economic Stabilization Act of 2008 at 1:22, after the Senate approved it Wednesday night.

NPR reported that President Bush signed the bill into law an hour and a half later, which would produce a time of 2:52. The AP transmitted pictures of a smiling Bush after he signed the legislation at 3 p.m. Friday.

You can’t blame Bush for feeling proud of himself, but evidently our shotgun legislation has not stopped the contagion from spreading to European banks. Over the weekend, the leaders of Germany, France, Britain, and Italy met to discuss the financial meltdown, which has leapfrogged across the Atlantic to Europe.

In terms of the chart for the bailout, I’ll bet NPR was rounding a little bit. I’ve arbitrarily set the horoscope for 2:55 p.m. in Washington D.C., with the understanding that it could be off by a few minutes in either direction.

On the face of it, this is a pretty strong chart. You’ve got Jupiter in Capricorn rising, trining the chart ruler Saturn in Virgo in the eighth house of other people’s money. Venus in Scorpio is at the midheaven, making beneficial sextiles to Jupiter and Saturn, the planets that rule financial cycles.

Saturn is opposing Uranus in Pisces, though, in the second house earned income and resources, suggesting there will be some unexpected consequences for the nation’s finances. Another indicator that everything isn’t known about this bill: Mercury retrograde in Libra.

The Moon, which rules the people in a mundane chart, is close to 2 degrees of Sagittarius, conjunct by sign with Pluto.

Here’s the bottom line: In January 2011, the progressed Moon is going to hit transformative Pluto and this piece of legislation will be superseded by something else. Perhaps a new currency will be introduced. It can be said with certainty that the change will have a huge impact on U.S. citizens. This is a stop-gap measure at best. But you don’t need an astrologer to tell you that.

The inimitable Jude has two charts up at Stars Over Washington, one for 2:52 and the other for 3 p.m. I’ve been a great fan of Jude’s since I stumbled into the blogosphere last March. Now that I know she’s got four planets in Capricorn, I understand the fascination with robber barons, past and present.