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system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that it’d take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to “catch up” to their stock prices, or their stock prices will have to come down to Earth

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(The Bolshevik) sentinel slowly raised his head. But just at this moment the Seven Deadly Sins Elizabeth Holidays Ugly Christmas Sweater body of my friend rose up and blanketed the fire from me and in a twinkling the feet of the sentinel flashed through the air, as my companion had seized him by the throat and swung him clear into the bushes, where both figures disappeared. In a second he re-appeared, flourished the rifle of the Partisan over his head and I heard the dull blow which was followed by an absolute calm. He came back toward me and, confusedly smiling, said: “It is done. God and the Devil! When I was a boy, my mother wanted to make a priest out of me. When I grew up, I became a trained agronome in order. . . to strangle the people and smash their skulls? Revolution is a very stupid thing!” And with anger and disgust he spit and began to smoke his pipe.

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