Your Daily Bit of Wall Street Wit & Wisdom

The First Bank of the United States

The First Bank of the United States, h/t National Park Service

“The stock market took a dive today. It was so bad, Goldman Sachs had to lay off three congressmen.”
— Jay Leno

Often, there’s a sad truth in humor. That’s the case here.  The market’s recent rebound has coincided with the US government shutdown, hmm…and boosted by sovereign central bank monetary stimulus.

The unfortunate cycle is politicians care about big banks thriving and big banks care about keeping politicians elected.  Whom they don’t seem to care about is you.

George Carlin spoke well on this subject.

Enjoy the long weekend!

Best regards,

Steve

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