No Conscience, No Fear – No Hands But Yours

No Conscience, No Fear – No Hands But Yours by Jesse – Jesse’s Crossroads Cafe’

“I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever: that considering numbers, nature and natural means only, a revolution of the wheel of fortune, an exchange of situation, is among possible events: that it may become probable by supernatural interference.”

Thomas Jefferson, Notes On the State of Virginia

“Do not be deceived, for God is not mocked.  What a man sows, so shall he reap.”

Gal 6:7

“‘Why is it that you have contrived this deed in your heart?  You have not lied to man, but to God.’  When Ananias heard these words, he fell down and breathed his last.   And a great fear came upon all who heard of this. Some young men came forward, wrapped up his body, carried him out, and buried him.”

Acts 5:4-6

“Christ has no body now but yours. No hands, no feet on earth but yours. Yours are the eyes through which he looks compassion on this world. Yours are the feet with which he walks to do good. Yours are the hands through which he blesses all the world.”

Teresa d’Ávila

Stocks were showing strength earlier in the day.  They were buoyed by a much better than expected Philly Fed report, due largely from expected orders.

Then some discouraging words were said about the trade negotiations between the US and China.   Thereafter stocks sold off, but recovered a bit into the close.

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Jesse

NEED LITTLE - WANT LESS - LOVE MORE THE BANKS MUST BE RESTRAINED, AND THE FINANCIAL SYSTEM REFORMED, WITH BALANCE RESTORED TO THE ECONOMY, BEFORE THERE CAN BE ANY SUSTAINABLE RECOVERY. WELCOME TO JESSE'S CAFÉ AMÉRICAIN - THESE ARE PERSONAL OBSERVATIONS ABOUT THE ECONOMY AND THE MARKETS. IN PROVIDING INFORMATION, I HOPE THIS ALLOWS YOU TO MAKE YOUR OWN DECISIONS IN AN INFORMED MANNER, EVEN IF IT IS FROM LEARNING BY MY MISTAKES, WHICH ARE MANY. AS A STANDING POLICY I NEVER PROVIDE INDIVIDUAL INVESTMENT ADVICE TO ANYONE. I WILL ONLY OCCASIONALLY DISCLOSE MY PERSONAL POSITIONS FOR PURPOSES OF ILLUSTRATION. UNDERSTAND THAT MY OWN CIRCUMSTANCES COULD DIFFER GREATLY FROM YOUR OWN, AND THEREFORE WHAT IS SUITABLE FOR ME MAY NOT BE SUITABLE FOR YOU. MY COMMENTS ARE INTENDED TO BE REFLECTION ON GENERAL MACRO FINANCIAL AND ECONOMIC EVENTS AND TRENDS.