Solari Update: Third Quarter Wrap-Up
Solari Update: Third Quarter Wrap-Up
"I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment."-- Ben Bernanke
This Thursday is our third quarter wrap up. I am going to check in with the major trends (see our annual wrap up in January) and review how events and markets unfolded during the last three months.
I also want to look forward at the "fiscal cliff" and the central bank-Congressional one-two punch on household financials underway.
Finally, I will report on the Transformations & Renewals conference in Tennessee last weekend (yes, it was amazing!) and what I learned about opportunities to rebuild our local and regional economies.
In Let's Go to the Movies, I will review Arbitrage, the story of a troubled hedge fund magnate desperate to complete the sale of his trading empire.
-- Catherine Austin Fitts
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From The Blog
Beige Book: Housing Market Turning
Around
The U.S. housing market has shown "widespread
improvement," but economic activity has improved only
modestly in recent months, according to the Federal
Reserve's Beige Book. The central bank releases its
anecdotal findings on the state of the economy across the
Fed's 12 districts eight times a year.
Vote for the Dinner Party!
One of the
more interesting things we will learn on Nov. 6 is whether
or not there is a "food movement" in America worthy of the
name -- that is, an organized force in our politics capable
of demanding change in the food system.
Food
Safety
As the holiday season approaches, we continue
to reflect on our many blessings, including your friendship
and support. We also continue to reflect on safe
food.
Last year, we made a single donation to Farm-to-Consumer Legal Defense Fund, which protects the rights of farmers and consumers to engage in direct commerce. Two years ago we made donations to local food banks and farmers markets in every state and country where we have subscribers: all 50 U.S. states and 23 countries.
This year, we've decided to make a donation to
Jeffrey M. Smith's organization, Institute for Responsible
Technology responsibletechnology.org. You may
remember that Jeffrey was on The Solari Report on September
20th and is the leading advocate of promoting healthier,
non-GMO food options. We also would like to donate to three
more causes, but we need your help. Healthy food is so
important and we want to support those who are fighting to
protect us from GMOs. Do you know authors, attorneys,
scientists, artists, musicians, or activists who are making
a positive impact on our world and protecting us from
dangerous food? We want to know about them. Please
send information about these incredible people and how we
can support them to kristen@solari.com
~ Catherine Austin
Fitts & The Solari Team
Solari is Looking for
Artists
Attention friends of Solari: The Solari
Report team is looking for artists to contribute political
cartoons to the blog. Upcoming topic we wish to explore: the
Fiscal Cliff. Please submit your cartoons to artist@solari.com.
About The Solari Report
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Nothing in this Solari Update should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.