Dear Friend and Reader:
I did something weird last night, which was come home from my studio without my laptop. When I went out for coffee this morning, I saw an unusual New York Times for a Monday — Merrill Lynch, on the verge of collapse, sold to Bank of America; Lehman Brothers being liquidated after it could not find a buyer. Apparently it was all hands on deck yesterday on Wall Street — a kind of Black Sunday. Note the Full Moon effect: it was full early this morning, so these discussions were going on all weekend as the Full Moon was building.
There were emergency meetings with the Federal Reserve. Bankers across the city in their offices trying to figure out how much of their company’s assets were invested in these two companies, and then the horrendous game of “Who’s Next?”
People are wondering if this is the beginning of the end; the end, that is, of the economic system as we know it. It seems the shadow banking system is finally percolating to the surface.
We last covered this issue in March, when Bear Stearns was sold for pennies on the dollar. It looked like Pluto in Capricorn then, and it looks like Pluto in Capricorn now.
We’re currently working on how this development is likely to affect the presidential race. I am putting calls out to my contacts on Wall Street, and developing an article for Friday on the impact of the coming journey of Pluto in Capricorn. For now, here is an excerpt from our coverage of the financial crisis earlier in the year. This is not an easy story to write, so I’ll be avoiding blogging on it this week, saving my energy for Friday’s edition of Planet Waves Astrology News. We will have coverage by other writers and be keeping an eye on other blogs as well — so stay tuned.
