Money and markets

America’s Second House of Money

The obsession of the United States with money and the amassing of more and more of it can be seen in the fact that Pluto, the planet of compulsive behavior as well as the experiences that create the death of experience and a regeneration into a new life, is in the second house of money.  The second house is, of course, about more than money: it relates to economic security and the things and concepts that we possess and that we value.

The chart for the United States is extremely expansive in nature, with the Sun in Cancer conjunct Jupiter, the planet of optimism and faith and the desire for bigger and better.  Sun/Jupiter conjunctions typically denote a high degree of luck in an individual, and this is also the case for a national chart.  Jupiter is actually the chart ruler because Sagittarius is rising in the Sibley chart that most astrologers use for the United States.  For an extremely geeky view of why I use the Sibley chart visit this earlier article. Sagittarius, the sign that instills a desire to expand one’s frontiers and find meaning in life, the sign that rules religion and shared philosophies and the pursuit of happiness, is a fitting ascendant for a country that values freedom above all else, or at least claims to.

Pluto, as the ruler of the underworld, represents the shadow side of the psyche, whether in an individual chart or the chart of a nation.  With Pluto in the second house of money and finance, the American shadow is a dirty little secret – an obsession (Pluto) with the power that money can provide (second house).  The persona of the country is the […]

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By |2019-01-02T17:04:50-04:00September 22nd, 2010|Money and markets|5 Comments

Stocks fall sharply as the Saturn/Pluto square approaches

This is what I’ve been warning about as Saturn and Pluto create an atmosphere of doom and gloom:

Stocks and interest rates tumbled Wednesday as investors around the world took a bleaker view of the U.S. economy.

The Dow Jones industrial average fell 265 points, its biggest drop in six weeks, and all the major indexes fell more than 2 percent. The yield on the Treasury’s 10-year note fell to its lowest level since March 2009 as investors worried about the economy and avoiding stocks sought the safety of government securities.

Companies across a wide range of industries dropped Wednesday. Only 442 stocks rose on the New York Stock Exchange, while 2,627 fell, a sign that investors expect all businesses to suffer if the economy continues to weaken.

Investors’ gloom deepened a day after the Federal Reserve said it would begin buying government bonds as a way to stimulate the economy. News of slower industrial growth in China and a disappointing economic indicator in Japan helped send stocks plunging first in Asia, then in Europe and the U.S.

Saturn was the planet of death before Pluto came along, and Saturn and Pluto are not the most joyful of planets.  Saturn is all about reality testing, and Pluto seeks to destroy anything that is corrupt and rotting, so when the two of them meet in an energetic square we can generally expect the mood to dim.

I don’t see this as a bad thing, because it’s important to face the reality (Saturn) of the current worldwide economic situation rather than have blind hope for a return to the unrealistic growth of the past twenty years.  For investors this might turn out to be a very good thing, as the exact square of Saturn […]

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By |2010-08-11T17:40:26-04:00August 11th, 2010|Money and markets|2 Comments

Spend or save for economic growth?

Last weekend  I watched the debate between Paul Krugman and Niall Ferguson on S.  Paul Krugman is a Nobel prize-winning economist and author with an expertise in international economics, and Niall Ferguson is a historian with a specialty in economics with a conservative approach to economics which include replacing a graduated income tax with a 35% sales tax and replacing public social security with a privatized system.  So it’s no surprise that these two have been engaged in a debate over how best to save the global economic system.  In some ways, they epitomize the ongoing debate on the subject.

To recap the astrological background, in 2008 we moved from an expansive Pluto in Sagittarius economy driven by optimism, debt and spending to a contracting Pluto in Capricorn economy.  For the previous fifteen years, the more people spent the more business was done, and the more jobs there were, and the more money was available for spending.  But Pluto in Capricorn is not expansive – it does not support an economy based on spending money that does not exist.  It’s practical and realistic, and sheds light on areas of illusory economic fallacies.

from the CNN segment where both Krugman and Ferguson have an opportunity to defend their position. Krugman has argued from the beginning that more stimulus money is needed.  Borrowing is cheap now, and stimulating the economy will help create jobs.  Zakaria, who in my view is one of the smartest people alive today, points out the American corporations are exceptionally healthy right now, and sitting on lots of cash, and asks the question “Why are they not hiring more workers?”  Ferguson’s response […]

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By |2010-07-12T07:39:25-04:00July 12th, 2010|Money and markets|3 Comments

Jupiter/Uranus fuels baseless optimism

As I predicted would happen when Jupiter (confidence and optimism) combined with Uranus (sudden changes and abrupt shifts), financial markets suddenly decided that things aren’t so bad in Europe after all and global markets are soaring today.

This sudden (Uranus) optimism (Jupiter) has nothing to do with reality and is all perception.  Perception drives the markets anyway, but today experts are saying things like

“It looks to me like stocks are passing the fear phase here over Europe and China,” said Jerry Harris, president of asset management at Sterne Agee. “China does not need to mount a big campaign to re-accelerate their economy. All they’ve got to do is take their foot off the brake and I strongly suspect they’re in the process of doing that.”

Markets can go up as quickly as down, and this is likely to be the final ride before Saturn squares Pluto one final time in August and drags the optimism level down again.

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By |2010-06-14T11:25:11-04:00June 14th, 2010|Money and markets|Comments Off on Jupiter/Uranus fuels baseless optimism

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