Markets

[Note: This material is for education or entertainment only. It does not constitute investment advice of any kind. See a licensed investment professional for investment advice.] In the last fifty years, stock market expansions were driven by developments in technology half the time, and periods of excessive leverage every time. Today’s continued market expansion (featuring regular new highs amid inflation, global turmoil, and a deficit that has already increased by 1.5 trillion in only six months), is the answer to the riddle–borrowed from J. R. R. Tolkien and The Hobbit. The traditional answer is a human: it first crawls on all fours, then learns to walk on two, then uses a cane later on. This market is using a cane. The chart above shows the NASDAQ

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Review

ONCE AGAIN, having found a recent Ray Fiennes period piece on Amazon, I briefly read the synopsis, then ordered it. It’s World War I and a small town in England needs a choral director. He’s highly qualified for the job, but he harbors pro-German sentiments.  And perhaps there are other things as well. Another lovely UK film with a great actor and supporting cast. You get to go back in time and experience  rural English tradition and lifestyle four generations ago. Music was a social experience and a cohesive one. I had to pay a few bucks to rent it as it was only made last year. Money well spent. WRH

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Review

  IN MY FAVORITE Ryan Gosling film (and probably my favorite Sci-Fi film), he plays a replicant, a humanoid in BladeRunner 2049.  In this film, which is softer Sci-Fi, he plays a brilliant underachiever who “merely” teaches science. When a strange stellar deterioration (sick stars to cut through the science) threatens life in our solar system and beyond, some very serious people show up and cite his published works on highly relevant material. The rest is imaginative and yet satisfying; any serious Sci-Fi fan will, like any film lover, suspend their disbelief a little in exchange for a story that ventures far from home but never betrays its Earthborn heart. WRH

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[Author’s Note: Mom went to her rest on Dec. 14th 2022 at 90 years of age. I composed a tribute to her shortly after that; here’s the link: https://www.moviesmarketsandmore.com/paean-for-a-country-girl-or-faith-family-community-learning-and-little-baseball/ This piece, Mercy, is a reader favorite as well as one of my own. A couple of days ago, I returned to cemetery, planted and watered some flowers….and remembered to pray.] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ IN MY MOTHER’S kitchen, and taped to the door of a cabinet where cups and plates are kept, is a laminated Catholic Diocese card. The card is divided into two distinct sections. The top part is titled The Corporal Works of Mercy. The “works” are ministrations to be made and observations to be kept in caring for –to name some of them–the poor, the

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Movies

  MICHELE PFEIFER has been a dream to watch on screen since she starred opposite Sean Connery in The Russia House. She works with Kurt Russell in this, but it’s her show (I won’t say why here). The contrast here is the epitome of metropolis, New York City, against the epitome of western retreat, Southwestern Montana on the Madison River. It pits the sounds of nature against the sounds of bluster, and the sight of stars against blinking lights atop skyscrapers. It is more of Taylor Sheridan’s craft of dialogue, adventure and modern pioneers in a newfound frontier experience. I heard it called a “chick flick,” but dismissed that idea. It’s about finding and sharing places, not cities. It’s about who you are when you step

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  LITERATURE AND SOCIETY dance a duet and take turns leading.  It isn’t always apparent that changes in Art are a response to changes in society and culture  or whether the order is reversed. Yet the very “ominous” poem, The Second Coming by Yeats was written just after WWI, the “war to end all wars” (https://www.moviesmarketsandmore.com/twilight-in-the-land-of-more/). And Orwell’s dystopian 1984 (published 1949) was a response to totalitarianism before, during, and after WWII (https://www.moviesmarketsandmore.com/orwells-1984-is-the-book-of-our-time-a-canticle-for-eric-blair/ ). In the Roaring Twenties, the male and privileged romanticism of Hemingway and F. Scott Fitzgerald were the rage. By the end of the Depression, the mantle of social authority was transferred to the destitute masses in Steinbeck’s The Grapes of Wrath or the more haunted existences of the Deep South revealed in

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Movies

Movies are more than entertainment. While film is one of the most powerful mediums for storytelling, movies can inform and inspire. First of all, Movies—the good ones—are part of our culture. Once a movie is established as “good,” it conveys some valid message about the human experience. What people watch is important—just as it is important what they read and listen to.

Movies inspire, too. When I see  an impassioned performance or notice an exceptional display of cinematography, it makes me want to try and create art.  Great stories are there to ask us if we, like the hero and heroine, could rise to become our best selves when a lot was at stake, or when no one else would do the right thing.

So do I watch movies at home?  Yes, but the movie theatre, as Joseph Campbell noted, was like a temple. Moviegoing is a ritual. We go there to receive the potent “myths” of our time, and we hope to walk away slightly charged with purpose or reminded of what it means to be human—which is why we should be seeing movies at the theater, with strangers, humans.

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Markets

The markets are probably more interesting than the movies. After all, every day billions are pilfered in elaborate schemes, the equivalent of warfare takes place in the currency and equity markets, and heroes and villains make the headlines.

Aside from the drama involved, the spectacle of crowds in action is something to behold. The average person sees little more than the change in the value of their stocks or funds at the end of the day. But imagine watching a few bankers at the Federal Reserve change a couple words in their statement, only to add or erase half a trillion dollars in global values of bonds and stock.

Macroeconomics is essential. And the history of markets is priceless—people repeat the same patterns for centuries.

Does it matter that we use computers or smartphones to buy stocks? No.

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…and More

I have taught for about fifteen years now. But I got lucky. I was offered the chance to teach classes in world religions, diversity, economics, finance and Africa—to name a few.  The value for me was to see how those subjects interrelate.

I do not see political parties, or terrorists, or despots or ideologies any more: I see power structures and patterns. History did not have much value for me in high school or college—oh, it was interesting, but I did not see the usefulness. I see it today.

People have not changed in ten thousand years. They were just as smart then as we are today. And when they get together in groups, they do the same things. Over. And over.  Africa, for example, is a study in power structures. First tribes, then empires, then colonial powers, then religious influences, then Cold-War rivalries.

The world is anarchy. In anarchy, power is king. Watch the power. It’s a little like “follow the money.”

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