“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."
Monday, January 27, 2014
MONEY MONEY MONEY!!!
We had the financial crisis, the meltdown, and then a string of bad ugly economic numbers fought off by a FED with QE and the stock market climbed up significantly from the bottom it hit. Now, the economic numbers are starting to look ok, the FED is tapering QE, but the markets are shaking. Will we see an improving economic climate with a falling stock market much as we saw a declining economy with a rising stock market?