Dramatic moves by the Federal Reserve are signalling just how serious the national economic situation currently is. The opening paragraph of the LA Times' lead front page story this morning shows in a shocking way just how bad this is in the eyes of commentators. The reporter began:
The actual facts in this positive-spun lead paragraph are "most U.S. markets showed fresh signs of strain," and "some banks and Wall Street firms saw their stocks pummelled." The extraordinary part is that the writer and the paper expected U.S. markets to "snap" and banks and Wall Street firms to "collapse" - and they're pleased that none did!LA Times wrote:The Federal Reserve's extraordinary move to rescue a tanking investment giant and expand its emergency lending appeared to ay off Monday. Although most U.S. markets showed fresh signs of strain, none snapped, and while some banks and Wall Street firms saw their stocks pummelled, none collapsed.
That's a hallmark of a bad state.
What's going on to cause this?
Well, no major planets have changed signs, and, although a couple of fast planets have been opposing Saturn for a few days (as happens fairly often), there are no major aspects slamming us. The one noticeable outer planet aspect, yesterday's Jupiter sesquisquare Saturn, was probably the short-term stabilizer. The approaching Jupiter-Uranus sextile is a traditional marker of a market pick-up.
Worth noting, however, is the March 16 Canlunar. With a Washington MC of 9 AQU 57, it places the Venus-Saturn opposition right along the Meridian (with Mercury very close). The wider Mars-Pluto involvements are significant mostly by Mars' partile sextile to the tightly angular Saturn. It seems to me that this pair (semi- & sesqui-squared by Jupiter) shows both the severity and the bail-out. Venus-Saturn (which is a common aspect at the time of serious fires) likely is showing personal losses, impact on families, etc. Or, in simple terms, "There is no joy in Mudville."
The next Caplunar occurs March 30. At Washington, the Ascendant is 6 SCO 56, within a degree of squaring Saturn. I don't expect things to get better in the next two weeks and, in fact, they likely will get worse. (Saturn, in the Caplunar, hits the Sun-Moon and Moon-Mars midpoint, implicating the close Sun-Mars square.)
Mars is a player in these charts. It takes adrenaline for a real sense of panic to take hold. Fortunately, Uranus stays involved and, with its Jupiter aspect, is more likely to show ingenuity for holding the fort.