Too Big to Fail

Here is a recent excerpt from from political astrologer Nancy's blog. Nancy is a great astrological micro-manager, which usually means we get a blow-by-blow account of what's happening - and going to be happening - in US politics. Here she turns her astrological talents - and her inimitable way with words - to some of the big US corporations:

Once upon a time, capitalism performed much like an economic version of the natural selection described by Charles Darwin. Well-run small businesses flourished and grew profitable; poorly managed ones eventually failed. In the world of Economic Darwinism, the strong and adaptable prevailed, while the weak and brittle fell by the wayside, their unemployed remains eventually absorbed into the larger order. But that was before an entire species of natural predators, known as regulatory overseers, was systematically eliminated by a handful of deluded Free Market worshippers. This upset capitalism’s unwieldy balance and left the increasingly gluttonous beasts at the top of the food chain free to gorge themselves on addictive and very toxic derivatives, as well as indulge themselves in various other forms of profligate, risk-taking behaviour. Ultimately, these corporate titans morphed into an impotent and pathetic form of dysfunctional giantism. This new species of bloated and bumbling creatures, unfortunately, had far-reaching tentacles that connected them to every corner of the global financial system. When they inevitably became ill from derivative poisoning and generic gluttony, the contamination began to spread exponentially. In short, a once-balanced, if brutal, economic ecosystem had become profoundly impaired, with the various governments reduced to the role of propping up the falling giants with massive monetary transfusions in order to prevent a worldwide cascade into collapse.

Many of these “too big to fail” players have received billions in taxpayer-subsidized bailout funds in the past year. In the last week, amidst the news that some of the miscreants may have improving health after months of radical intervention, the Stock Market soared. Whether this is just an anomalous week or a new trend is yet to be determined. From an astrological perspective, Jupiter, the planet of expansion, is now within 10 degrees of its exact conjunction with Neptune, the planet of delusion, an aspect that will be growing in strength through July 10, and likely to bring a period of unrealistic exuberance and a far more promising economic prognosis than may be legitimate. I have predicted on numerous occasions my concern that, following a period of exaggerated optimism in the spring and early summer, a renewed, sharp contraction of the economy will occur in early November 2009, stretching through at least the following August. This is due to the coming Saturn/Pluto square impacting significant points in numerous national charts including the US Venus and US Midheaven. A look at the charts of three of the biggest financial titans suggests some corroboration with this theory. (More...)