by Bill Bonner, Daily Reckoning.com.au:
“Is it a revolt?” Louis XVI asked the Duke de La Rochefoucauld.
“No, sire, it is a revolution.”
We are already at the Ides of July. More than half of the year is already behind us.
Friday, markets were flat. Neither gold nor stocks did anything worth reporting.
July 21 is statistically the hottest day of the year in the Northern Hemisphere. And it’s already smokin’ hot in Baltimore. The forecast calls for 98 degrees Fahrenheit today. More than 100 later in the week. We’re glad we’re not there. We lived through 48 summers in Baltimore, more than enough for any man.
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