|Pavlov demonstrated that when Transmarginal Inhibition began to take over a condition similar to hysteria manifested. In states of fear and excitement, normally sensible human beings will accept the most wildly improbably suggestions.|
Oil prices rose last week and the dollar fell against the euro, ending close to historic lows. Hedge funds keep falling prey to the subprime mortgage mess. Yet the U.S. stock market rose and mainstream commentators were looking at halfway decent jobs numbers for June as a sign that all is well with the economy. The only way that could possibly be true would be if the housing drop has bottomed out. As we will see, the chances of that are slim.
So, what went wrong? And what is coming next?
|Palestinian girl in tears after watching her family die after Israel bombs a beach|
"We were wiped out mercilessly, and we blame the Americans, the Iraqi government, the criminals and all the politicians who brought us catastrophe and destruction. They have destroyed everything with their sectarianism and politics."
|U.S. General Dan McNeill, Commander of NATO's forces in Afghanistan,|
|Iraqi female artist, Yaqeen Al-Dulaimi|
|A tornado over the Mostyn/Ffynnongroyw area at noon on July 8.|