Honey, I Expanded the Fed

What I love about WordPress is that you can easily post something and then expand it later. In my zeal to celebrate Joe Torre’s Opening Day in LA, I haven’t had much time to parse Treasury Secretary Henry Paulson’s announcement this morning on the expanded powers of the Federal Reserve Bank.

There are a couple of birth charts floating around out there for the Fed, but I like the one used by Michael WolfStar over at Star IQ (see blog roll to the right). Here’s the chart:

http://www.stariq.com/Main/Articles/P0002463.htm

Why does this one make sense to me? Well, it’s got Mars at 19 degrees of Cancer rising and today Jupiter is at 19 degrees of Capricorn. So we’ve gotten news of a plan to expand (Jupiter) the powers (Mars) of the Fed, which came into being on Dec. 23, 1913, when Pluto was at 0 degrees of Cancer and the Sun was at 1 degree of Capricorn.

Well before today and the Fed’s actions earlier this month to shore up the banking system and to broker the merger between Bear Stearns and JPMorgan Chase, we’ve been hearing in astrological circles that the Fed was destined for an overhaul.

Why? Because the entrance of Pluto into Capricorn on Jan. 25, 2008 means the Great Transformer is opposing the Fed’s natal Sun. And, by the way, astrologers don’t care that Pluto has lost its planetary status in the astronomical world. As one witty astrologer has quipped: “Nobody told Pluto about it.”

Jupiter in Cap and Welfare for Wall Streeters

We’ve had some thrills and chills over the past 24 hours with JPMorgan’s acquisition of Bear Stearns and the Federal Reserve Board cutting interest rates on a Sunday night. Since I’ve been involved in covering financial markets for the past 25 years and like to put my two cents in, a lot of people have been asking me lately about the prospects for the U.S. economy.

Here’s my bottom line: This year won’t be that bad because Jupiter in Capricorn will be opposing the U.S. Sun ( “Born on the Fourth of July”) and will be moving in the same sign as Pluto, also in Capricorn for part of the year. What this means to me is lots of government benevolence — or welfare for Wall Streeters. That’s why we’re getting tax rebates when we need tax hikes and why the Fed is coming up with programs to stop the subprime bloodbath by allowing investment banks to borrow directly from it, a privilege previously extended only to commercial banks.

Don’t worry, folks. Oil and gold may be skyrocketing and the dollar will be tanking, but Uncle Sam has deep pockets.