One can readily admit that the Magisterium's manner of expression does not seem very easy to understand at times. It needs to be translated by preachers and catechists into a language which relates to people and to their respective cultural environments. The essential content of the Church's teaching, however, must be upheld in this process. It must not be watered down on allegedly pastoral grounds, because it communicates the revealed truth.
Distinction Matter - Subscribed Feeds
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Site: Mises InstituteAn enduring progressive myth is that racial and religious minorities can only make economic gains if government "levels the playing field." The historical record demonstrates, however, that free markets offer the best opportunities for people in minority groups.
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Site: Henrymakow.comPlease send links and comments to hmakow@gmail.comA solipsism is a reality invented to suit your self interest i.e. the "chosen" peopleCommies are shitting on Trump. Ridicule and smears are their main weapons. As they say in the Protocols of Zion the end justifies the means. The End is a world wide tyranny controlled by Cabalist Jews and Freemasons.The part I like about Zionist tyranny: National resurgence, deportations of illegal migrants, purging Commies from universities, ending DEI and gender dysphoria. Don't like Genocide and War.Commies corrupt from within. Zionists destroy by orchestrating gratuitous world wars.Why 'Messiah prophecy' haunts NetanyahuQuote: "Benjamin Netanyahu was told by a powerful Jewish religious figure that he would be Israel's last leader and hand the sceptre to the Messiah. How does this so-called prophecy affect Netanyahu's political calculations? And who is the mysterious religious figure, honoured by successive US presidents , simply known as The Rebbe?"Menahem Schneerson perhaps? Jewish prophecy requires non-Satanists to be exterminated.-Max Blumenthal- Trump is Surrounded by Chabad Fanatics Determined to Orchestrate a "Social Catastrophe" to Fulfill Biblical ProphecyTrump appoints Chabad rabbi and Miriam Adelson fart catcher, Yehuda Caplan as antisemite czar.---U.S. to Screen Immigrants' Social Media for Alleged Antisemitic Activity"Today U.S. Citizenship and Immigration Services (USCIS) will begin considering aliens' antisemitic activity on social media and the physical harassment of Jewish individuals as grounds for denying immigration benefit requests," USCIS stated. The policy will affect applicants for permanent residency, foreign students, and individuals tied to educational institutions allegedly involved in antisemitic activity.-Harvard sees $2.2 billion in funding frozen after defying Trump demandsTrump orders end of government DEI programs, LGBT protections"US President Donald Trump fulfilled campaign promises on the first full day of his second term Tuesday by moving to end federal policies promoting diversity, equity, and inclusion (DEI) and and LGBTQ rights. Trump scrapped 78 such executive orders signed by former president Joe Biden, initiating a new era of uncertainty for minority groups.--Boss Fired Me After 17 Years With No Warning; But I Knew Something They Didn't...Instant karma when executives fire IT manager to hide their embezzlement.Kevin Barrett--Thorsten Pattberg: Western Universities Are Propaganda FactoriesExiled German philosopher on how the academia-media complex manufactures consentToday we travel to Asia for an insider's view of the academic branch of the consent manufacturing industry-Joni Ernst Proposes to Sell Millions of Dollars of IRS Firearms to Pay Off National Debt"Why is the IRS wasting millions of our tax dollars stockpiling guns and ammo?" Ernst asked rhetorically in a written statement.-WW3 Charade a repeat of WW2 Charade - Fascists (Zionists, NATO) vs Communists (Russia, China, BRICS)Medvedev brands incoming German chancellor a 'Nazi'The former Russian leader slammed Friedrich Merz over a purported threat that Kiev could use Berlin-supplied missiles to destroy the Crimean BridgeFormer Russian President Dmitry Medvedev has branded incoming German chancellor Friedrich Merz a Nazi after he allegedly suggested that Kiev should destroy the Crimean Bridge.-Israel To Receive 'Major' New Weapons Shipment from the USExact details of the shipment are unclear, but Ynet reports it includes 3,000 munitions for Israel's Air Force--New regulations released this week by the Chinese Communist Party (CCP) impose severe restrictions on missionary activity in the country, according to Chinese state media and representatives of the Chinese Communist Party.The regulations, which take effect May 1, prohibit foreigners from preaching, sharing their faith, or establishing religious organizations without official government approval.Justifying these regulations, Chinese state media claimed that the newly revised rules promote national security--a common justification for CCP persecution of religion--and help to protect "normal religious activities," referring to activities run under strict government oversight as part of state-run religious institutions.--The Future of Europe: Disaster Lies Ahead Unless This Ends Now | Redacted w Clayton MorrisThe European Commission admitted recently that it used EU funds that were supposed to "fight climate change" for financing left-wing NGOs and climate organizations with the aim of silencing the voices of European conservatives in a secretive influence operation.-James Perloff weighs in on the tariff controversy. "Why Trump's Tariff Measures Likely Spell Disaster for America.""It's more than a regular editorial--I've actually been involved with the entire "free trade" controversy/scam for more than 30 years, going back to the NAFTA/GATT debates of the early 1990s-Nearly half of all crime suspects in Austria last year were foreigners, police stats showOf the 534,193 reported criminal cases in Austria last year, 46.8 percent of suspects were foreignersAustria: Syrian migrant convicted for raping and strangling a 17-year-old girl in 'city of Mozart' train station toiletThe Austrian girl was raped "in a particularly degrading manner," according to the prosecutor-DOGE found $382 million worth of employment benefits fraud, but that wasn't the craziest thing:24,500 people over 115 years old claimed $59 million in benefits.28,000 people under the age of five claimed $254 million in benefits.9,700 people with birth dates over 15 years in the future claimed $69 million in benefits. In one case, a person with a birthday in 2154 who claimed $41,000 in benefits.-Message: It is-OK for Blacks to kill WhitesClaims it was self defence. If the races were reversed, this would be headline news!-Conservative backlash forces Corona Brewer to dump DEI commitmentsThe U.S. distributor of Corona, Modelo and Pacifico halted its diversity, equity and inclusion (DEI) programs, banned employee activism and cut ties with the Human Rights Campaign (HRC). The move follows pressure from conservative activist Robby Starbuck and aligns with Trump-era policies cracking down on DEI.Over 30 major companies, including Walmart and Ford, have scaled back DEI efforts since Trump's executive order prohibiting federal contractors from using taxpayer funds for DEI training. Courts, including the Supreme Court, have weakened the legal foundation for race-based hiring practices.--Trump's tariffs are prompting factories in China to go on TikTok to reveal a secret Western luxury brands have kept for decades.Chinese manufacturers and suppliers are going viral on TikTok as they claim luxury items people assume are made in Europe are actually made in China.The trend known as "Trade War TikTok" and "Chinese Manufacturer-Tok" sees suppliers explain the production process, break down the cost of the supplies, and reveal how customers can order directly from their factories to curtail tariffs amid ongoing trade tensions between the US and China, which continue to escalate.A rumour that has been circulating online is that "the Chinese government has lifted the secrecy clause that the luxury brands had in place for the Chinese manufacturers," but there is no evidence of this.In one example from the trend, a Chinese man speaks as the owner of an unidentified factory and claims he's been a supplier to various European luxury brands for the past three decades.Some of the videos were posted by the account @bagbestie1, but this account is no longer available. Although other accounts, such as @senbags and @senbags2 (both of these accounts are now also unavailable too), also have videos where the man alleges his factory produces bags for luxury brands and after this are shipped to Europe, where a "Made in Italy" or "Made in France" label is attached.In another video that is no longer available (but has since been reshared across social media), he claimed a Hermès Birkin made in France that retails at $38,000, costs $1,400 to make in China, with the "same quality, same material".
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Site: non veni pacem
“Dr. Patrick Soon-Shiong is a surgeon who made billions inventing cancer drugs. He says that Covid, and the vaccines that didn’t stop it, are likely causing a global epidemic of terrifyingly aggressive cancers.”
TIMESTAMPS: (0:00) Why Are Cancer Rates Rising in Young People? (6:16) What Is Causing This Cancer Epidemic? (14:52) Is There a Connection Between Covid and Cancer? (25:33) Why Dr. Soon-Shiong Never Got Covid (39:36) How Big Pharma Tried to Undermine Dr. Soon-Shiong (47:35) Dr. Soon-Shiong’s Analysis of RFK Jr. (1:02:47) The Healthcare Industry’s Conflict of Interest (1:05:51) How to Strengthen Your Immune System (1:10:32) What Your Doctor Won’t Tell You About How to Fight Cancer (1:20:58) Why Hasn’t Anyone Faced Consequences for These Crimes? (1:33:59) Why Dr. Soon-Shiong Bought the LA Times
VIDEO: https://x.com/TuckerCarlson/status/1904941620283253060
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Site: PeakProsperityThings are breaking quickly on the Common Knowledge and Financial fronts.
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Site: Rorate CaeliAging Bergoglians and the End of an EraBy Serre Verweijfor Rorate CaeliPope Francis has been suffering from chronic health problems for over three years now and was in the hospital for over a month. Bishops and cardinals have been increasingly acting as if he were incapacitated, some trying to quickly promote new projects with his alleged approval. Cardinals have been maneuvering for the New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
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Site: OnePeterFive
On the 5th of April in the year of Jesus Christ’s reign, 1419, St. Vincent Ferrer went to his eternal reward. His feast was ten days ago. It is remarkable how little this wonder-working saint is known in the Church, since he worked some of the greatest miracles that have been seen since the time of the Apostles. From the recent article by Matthew Plese: The Old Catholic Encylcopedia…
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Site: Community in Mission
It is Tuesday of Holy Week. Jesus likely arises early, as did all the ancients. Days both ended and started early, at dusk and dawn, prior to the advent of electric lighting. They leave Bethany and head back to Jerusalem. Perhaps a few converts can be made before the transcendent events of the Passion begin.
It is only a couple of miles, mostly downhill, to Jerusalem. As they come down the steep hill they see the fig tree Jesus had cursed the day before.
As they were walking back in the morning, they saw the fig tree withered from its roots. Peter remembered it and said, “Look, Rabbi! The fig tree You cursed has withered.” (Mk 11:20-21).
Jesus had cursed the fig tree, a metaphor for the ancient chosen people, for lack of faith, justice, and charity, the expected fruits in its branches. (This was discussed in more detail in yesterday’s post.) The fig tree reminds us of the day of judgment. “Lip service” faith is easy, but Jesus is looking for real fruit in the branches.
The apostolic band walks on further with Jesus, and they eventually arrive at the Temple, where they are immediately confronted by the Temple leaders:
At their return to Jerusalem, Jesus was walking in the temple courts, and the chief priests, scribes, and elders came up to Him. “By what authority are You doing these things?” they asked. “And who gave You the authority to do them?” “I will ask you one question,” Jesus replied, “and if you answer Me, I will tell you by what authority I am doing these things. The baptism of John, was it from heaven or from men? Answer Me!” They deliberated among themselves what they should answer: “If we say, ‘From heaven,’ He will ask, ‘Why then did you not believe him?’ But if we say, ‘From men’…” they were afraid of the people, for they all held that John truly was a prophet. So they answered Him, “We do not know. And Jesus replied, “Neither will I tell you by what authority I am doing these things” (Mk 11:27-33).
Jesus questions their question with a question. He seems to engage in the Socratic method, making them examine their premises. In this dialogue the leaders are confronted with their own insincerity. They are asked to consider that their own “authority” is based not on truth, but on power and its trappings. They are asked to consider that they have “too much to lose” because they root their authority in the power and accolades of the people. They are not true leaders, for they do not seek the truth but rather only what confirms their power.
Do not scorn or laugh at them—many of us are in the same condition.
Jesus turns to them and others in the Temple area, teaching them in numerous parables (Mk 12:1). In these parables He lays bare their hearts and reminds them that although they are leaders they are refusing God’s offer of salvation and His invitation to the true feast to which their rituals point.
Jesus begins,
But what do you think? There was a man who had two sons. He went to the first and said, ‘Son, go and work today in the vineyard.’ ‘I will not,’ he replied. But later he changed his mind and went. Then the man went to the second son and told him the same thing. ‘I will, sir,’ he said. But he did not go. Which of the two did the will of his father? “The first,” they answered. Jesus said to them, “Truly I tell you, the tax collectors and prostitutes are entering the kingdom of God before you. For John came to you in a righteous way and you did not believe him, but the tax collectors and prostitutes did. And even after you saw this, you did not repent and believe him (Mat 21:28-32).
Lip service is not obedience. Their refusal to come to faith is disobedience to God. He desires obedience more than ritual observances and sacrifices (see Psalm 40:6).
Jesus warns them that their plots to kill Him will end badly:
A man planted a vineyard. He put a wall around it, dug a wine vat, and built a watchtower. Then he rented it out to some tenants and went away on a journey. At harvest time, he sent a servant to the tenants to collect his share of the fruit of the vineyard. But they seized the servant, beat him, and sent him away empty-handed. Then he sent them another servant, and they struck him over the head and treated him shamefully. He sent still another, and this one they killed. He sent many others; some they beat and others they killed. Finally, having one beloved son, he sent him to them. ‘They will respect my son,’ he said. But the tenants said to one another, ‘This is the heir; come, let us kill him, and the inheritance will be ours.’ So they seized the son, killed him, and threw him out of the vineyard. What then will the owner of the vineyard do? He will come and kill those tenants and give the vineyard to others. Have you never read this Scripture: ‘The stone the builders rejected has become the cornerstone. This is from the Lord, and it is marvelous in our eyes’?” (Mark 12:1-11)
At this, the leaders sought to arrest Jesus, for they knew that He had spoken this parable against them. Fearing the crowd, though, they left Him and went away (Mk 12:1-12). They will return shortly with other interrogators.
Matthew records that Jesus then told the following parable, likely to others in the Temple area. In it, He warns them of the urgency of the dramatic decision that is upon them. Do they want salvation in the way God offers? Do they desire the Kingdom of God and its values or do they prefer the present but passing desires of the world? Are they willing to be clothed in the garments of righteousness that God himself provides or do they prefer to wear the fashions of the world?
Once again, Jesus spoke to them in parables: “The kingdom of heaven is like a king who prepared a wedding banquet for his son. He sent his servants to call those he had invited to the banquet, but they refused to come. Again, he sent other servants and said, ‘Tell those who have been invited that I have prepared my dinner. My oxen and fatlings have been killed, and everything is ready. Come to the wedding banquet.’ But they paid no attention and went away, one to his field, and another to his business. The rest seized his servants, mistreated them, and killed them. The king was enraged. He sent his troops to destroy those murderers and burn their city. Then he said to his servants, ‘The wedding banquet is ready, but those I invited were not worthy. Go therefore to the crossroads and invite to the banquet as many as you can find.’ So the servants went out into the streets and gathered everyone they could find, both evil and good, and the wedding hall was filled with guests. But when the king came in to see the guests, he spotted a man who was not dressed in wedding clothes. ‘Friend,’ he asked, ‘how did you get in here without wedding clothes?’ But the man was speechless. Then the king told the servants, ‘Tie him hand and foot and throw him outside into the outer darkness, where there will be weeping and gnashing of teeth.’ For many are called, but few are chosen” (Matt 22:1-14).
Now come various interlocutors. Note that the Pharisees, Herodians, and Sadducees agreed on nothing but that Jesus had to go. They “teamed up” against the Lord! This indicates the depth of their fear: even enemies will be embraced to rid the city of this upstart preacher who so threatens their shared power.
Later, they sent some of the Pharisees and Herodians to catch Jesus in His words. “Teacher,” they said, “we know that You are honest and are swayed by no one. Indeed, You are impartial and teach the way of God in accordance with the truth. Now then, is it lawful to pay taxes to Caesar or not? Should we pay them or not?” But Jesus saw through their hypocrisy and said, “Why are you testing Me? Bring Me a denarius to inspect.” So, they brought it, and He asked them, “Whose likeness is this? And whose inscription?” “Caesar’s,” they answered. Then Jesus told them, “Give to Caesar what is Caesar’s, and to God what is God’s.” And they marveled at Him (Mk 12:13-17).
This is an attempt to draw Jesus into a cheap political debate and thereby cause division among His admiring crowd. Their concern about taxes is insincere because even those who dispute paying taxes to Caesar walk about with Caesar’s money. Jesus will not be called off message; He says to them, “[Give] to God what is God’s.” In this case what they are to give to God is faith in the one whom He has sent, Jesus.
The next opponents of Jesus are the Sadducees, who deny that there is a resurrection of the dead and seek to ridicule belief in Heaven through a complex and unlikely scenario:
Then some Sadducees, who say there is no resurrection, came and questioned Him: “Teacher, Moses wrote for us that if a man’s brother dies and leaves a wife but no children, the man should marry the widow and raise up offspring for his brother. Now there were seven brothers. The first one married and died, leaving no children. Then the second one married the widow, but he also died and left no children. And the third did likewise. In this way, none of the seven left any children. And last of all, the woman died. In the resurrection, whose wife will she be? For all seven were married to her.” Jesus said to them, “Aren’t you mistaken because you do not know the Scriptures or the power of God? When the dead rise, they will neither marry nor be given in marriage. Instead, they will be like the angels in heaven. And regarding the dead rising, have you not read about the burning bush in the book of Moses, how God told him, ‘I am the God of Abraham, the God of Isaac, and the God of Jacob.’ He is not the God of the dead, but of the living. You are badly mistaken (Mk 12:18-27).
Yes, they are badly mistaken; they seek to understand heavenly realities using earthly notions. Because the Sadducees only accepted the first five books of the Old Testament, Jesus uses a passage from Exodus as well as their own logic against them. The Sadducees denied the resurrection by saying that God is a God of the living, not the dead. If that be so, though, why does the Lord call himself the God of Abraham, Isaac, and Jacob, all of whom have been dead for over four centuries? They must be alive to God! In this way, the Sadducees are set aside.
Finally, a scribe steps forth. Although he is likely seeking to refute Jesus, the conversation ends up being promising:
Now one of the scribes had come up and heard their debate. Noticing how well Jesus had answered them, he asked Him, “Which commandment is the most important of all?” Jesus replied, “This is the most important: ‘Hear O Israel, the Lord our God is One Lord, and you shall love the Lord your God with all your heart and with all your soul and with all your and and with all your strength.’ The second is this: ‘Love your neighbor as yourself.’ No other commandment is greater than these.” “Right, Teacher,” the scribe replied. “You have stated correctly that God is One and there is no other but Him, and to love Him with all your heart and with all your understanding and with all your strength, and to love your neighbor as yourself, which is more important than all burnt offerings and sacrifices.” When Jesus saw that the man had answered wisely, He said, “You are not far from the kingdom of God” (Mk 12:28-34).
Speaking to His claim to be Messiah and Lord, Jesus invokes the authority of Scripture, reminding them that in Psalm 110 (a messianic psalm) the Messiah is called “Lord,” not merely the Son of David.
While Jesus was teaching in the temple courts, He asked, “How can the scribes say that the Christ is the son of David? Speaking by the Holy Spirit, David himself declared: ‘The Lord said to my Lord, “Sit at My right hand until I put Your enemies under Your feet.”’ David himself calls Him Lord. So how can He be David’s son?” And the large crowd listened to Him with delight (Mk 12:35-37).
Matthew records Jesus delivering a series of woes directed against the leaders and teachers of that time. These are delivered in a lengthy passage, which is available here: Seven woes. It is quite severe and shows a strong indictment of those who “major in the minors,” who maximize the minimum and minimize the maximum. Jesus concludes by saying,
You snakes! You brood of vipers! How will you escape being condemned to hell? Therefore, I am sending you prophets and sages and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town. And so upon you will come all the righteous blood that has been shed on earth, from the blood of righteous Abel to the blood of Zechariah son of Berekiah, whom you murdered between the temple and the altar. Truly I tell you, all this will come on this generation.
“Jerusalem, Jerusalem, you who kill the prophets and stone those sent to you, how often I have longed to gather your children together, as a hen gathers her chicks under her wings, and you were not willing. Look, your house is left to you desolate. For I tell you, you will not see me again until you say, ‘Blessed is he who comes in the name of the Lord’ (Matthew 23:33-39).
To emphasize the contrast, Jesus notes a poor widow who gives a small amount but in reality far more generously than do those “leaders” with hardened hearts. Matthew then observes,
Jesus left the temple and was walking away when his disciples came up to him to call his attention to its buildings. “Do you see all these things?” he asked. “Truly I tell you, not one stone here will be left on another; every one will be thrown down” (Matthew 24:1-2).
They crossed the Kidron Valley and went up on to the Mount of Olives. Matthew records,
As Jesus was sitting on the Mount of Olives, the disciples came to him privately. “Tell us,” they said, “when will this happen, and what will be the sign of your coming and of the end of the age?” (Matthew 24: 3-4)
Sitting atop the Mount of Olives, with Jerusalem displayed before Him, Jesus gives the terrifying and yet exhilarating “Mount Olivet Discourse.” It is quite lengthy and is available here: Mt. Olivet Discourse. In it, Jesus describes the coming destruction of Jerusalem, which took place in 70 A.D., forty biblical years after His Ascension. The destruction was the result of a foolish war with the Romans. Had the Jewish zealots accepted Jesus’ call to preach the gospel to the nations, the Romans would have been seen as brothers to convert rather than as enemies to kill. Over a million Jewish people died in that terrible war.
According to Matthew, Jesus also tells the “Parable of the Sheep and Goats” and the “Parable of the Wise and Foolish Virgins.” Mark concludes with this: And no one dared to question Him any further (Mk 18:34).
It seems it was back to Bethany that Tuesday night, likely to stay at the house of Martha, Mary, and Lazarus, but perhaps with Simon the Leper. It has been a long day of parables and teaching and of engaging with hostile opponents.
Tune in tomorrow, when it is “Spy Wednesday.”
The post What Was the Lord Doing on Tuesday of Holy Week? appeared first on Community in Mission.
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Site: Mises InstituteOur taxes are due today. It‘s a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality.
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Site: Steyn OnlineDisgraceful scenes on the streets of Montreal...
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Site: PaulCraigRoberts.org
April 15 Provides A Wonderful Lesson On How Government Conditioned Americans To Tyranny
Paul Craig Roberts
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Site: PaulCraigRoberts.org
PCR in a Wide Ranging Discussion with Nima on Dialogue Works
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Site: PaulCraigRoberts.org
The American Whore Media Shames Itself Again
The presstfitutes went berserk over the deportation of illegal alien Kildare Abrego Garcia, falsifying the story in every way possible. But the US Supreme Court ruled 9-0 that the dumbshit Democrat district judge had no authority to instruct the President how to exercise his Article II powers.
Do watch the video at the end of the post on X.
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Site: PaulCraigRoberts.org
Federal Government Freezes $2.26 Billion Funding to Harvard After It Refuses to Comply
Why Have American Taxpayers Been Giving Harvard, the richest private university in the world, equivalent to a hedge fund some say, $2.26 billion?
Clearly, the federal budget has been used as a money-laundering operation: Take from the poor and give to the rich liberals.
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Site: PaulCraigRoberts.org
Hungary Follows the Two Gender Only Policy of the US and Russia
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Site: Novus Motus LiturgicusFind out more and register here.This four-day gathering brings together educators, scholars, and Catholic thought leaders to explore the integral formation of students and teachers in mind, body, and spirit. Each day will focus on a distinct theme, beginning with Sound Bodies & Keen Minds, addressing topics like memory, mimesis, and freedom from technological tyranny. Pure Hearts & David Claytonhttp://www.blogger.com/profile/07041908477492455609noreply@blogger.com0
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Site: southern orders
Antoni Gaudí, known as “God’s architect,” declared Venerable
The Pope recognizes miracle attributed to a religious sister from India, the martyrdom of an Italian missionary; and the heroic virtues of "God's architect" and three priests.By Vatican News
Pope Francis has recognized a miracle attributed to Eliswa of the Blessed Virgin; the martyrdom of Fr. Nazareno Lanciotti; and the heroic virtues of Antoni Gaudí, Fr. Peter Joseph Triest, Fr. Angelo Bughetti, and Fr. Agostino Cozzolino.
In an audience with Cardinal Marcello Semeraro, Prefect of the Dicastery for the Causes of Saints, the Pope authorized the promulgation of the Decrees concerning these six people—moving them each one step on the path to sainthood.
Antoni Gaudí, “God’s architect”
Born in 1852, Antoni Gaudí i Cornet accepted the task of directing the project of the Basilica of the Sagrada Familia in Barcelona in 1883. His focus was making art a hymn of praise to the Lord and he considered it his mission to make God known and bring people closer to Him.
On June 7, 1926, he was struck by a tram. Not recognized, he was taken to the Hospital de la Santa Creu, the city’s hospital for the poor. After receiving the last sacraments, he died three days later, on June 10. Around 30,000 people attended his funeral.
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Site: Mises InstituteOne of the arguments given in favor of tariffs is that they will enable domestic manufacturers to better compete with producers abroad. While people may believe that to be true, the problem is that tariffs don't create a good foundation for capital development.
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Site: Real Investment Advice
Despite, or actually because of, the recent market turmoil, many large banks and brokers reported better-than-expected earnings. Market volatility provided a nice boost to trading revenue, which helped offset weakness in other business lines. Goldman Sachs, reporting earnings on Monday, said their equity trading revenue rose 27% from the prior quarter. JP Morgan and Morgan Stanley reported a 21% and 17% boost to trading revenue, respectively.
The benefits of wider bid-offer spreads and more trading volume are higher trading revenues in larger banks and, thus, a more diversified income statement than smaller banks. At times, as first-quarter earnings highlight, the revenue boost from volatility was a helpful revenue hedge against poor market conditions and weaker activity in more traditional banking. For instance, Goldman Sachs reported its highest quarterly revenue ever despite investment banking revenue falling 8% compared to last year.
The graph below, courtesy of FinViz, shows that the earnings boost due to market volatility has helped JPM decently outperform smaller regional banks like Truist and PNC. However, it's not all gravy for the larger banks. The large banks and brokers tend to provide more capital for hedge funds. Therefore, they expose themselves to significant risks if hedge funds fail due to extreme volatility.
What To Watch Today
Earnings
Economy
Market Trading Update
As discussed yesterday, the correction process is still well entrenched, so this is not the time to try to be a hero. Risk management remains the key for now, as many investors were "trapped" in the recent decline and are looking for an opportunity to exit. However, with that said, Sentimentrader.com had a great note out yesterday regarding the recent "risk-off" move in the markets.
"The Sentimentrader Risk On/Risk Off indicator combines 21 of our best measures of investor mood to objectively designate overall investor behavior as "risk on" (i.e., investors are aggressively buying) or "risk off" (i.e., investors are aggressively selling)."
Here is a sample of some of the indicators. As you will notice, all of them are trading at rather extreme "risk-off" levels.
When those 21 indicators are combined into a single indicator, it gives readings of when markets are trading at more extreme bullish or bearish levels.
As we have discussed previously, extremes in either direction generally indicate when market turns tend to occur. As Sentimentrader.com notes:
"Historically, declines in the Risk On/Risk Off indicator below 35 have been associated with volatile periods in the market involving significant declines. "Playing defense" during these periods can, at times, help investors avoid some of the financial and psychological pain of riding significant drawdowns to the bottom fully invested. However, this indicator has gone so far to the unfavorable extreme that it might be "so bad that it's good."
Historically, when indicators reach such extreme levels, most of the previous advances or declines are likely to be complete. However, it does not mean that markets can not go even further into extremes before reaching a bottom. As Sentimentrader.com concluded:
"The good news is that - on a standalone basis - the signal and performance highlighted above make a compelling favorable case for stocks. The bad news is that we would never advise basing portfolio decisions on any one indicator or indicator signal. The proper message from the results above is NOT "All clear for stocks, and happy days are here again." The proper message is "Ignore the bearish noise, manage risk, and keep an open mind to the potential for better results moving forward - but especially manage risk."
We agree.
High Volatility Bodes Well For Markets
Yes, high volatility may be a good thing. Today, that statement may be hard to fathom. Moreover, it's likely that stock returns over the coming weeks and months will be poor. However, as we share in a table courtesy of Charlie Bilello, since 1990, when volatility spikes above 50, longer-term returns have always been good. The 75 instances following the VIX spiking above 50 have consistently produced positive returns over the next 1-5 years. This bodes well for those able to shut their eyes and ignore markets. However, for the rest of us, there are risks. For example, you will see many dates below from the fall of 2008. During the Lehman bankruptcy and related financial market carnage, volatility spiked. Markets didn't set the ultimate low until March of 2009. Those that bought on the spikes above 50 faced a gut-wrenching decline, but if they held, they ultimately did well.
The point is that today's volatility will likely result in good returns, but better buying opportunities may soon emerge, producing even better returns.
Transports Continue To Languish
Interestingly, the sector likely to be directly impacted by tariffs the least is and continues to be the most oversold sector. As the SimpleVisor table below shows, transportation stocks have the most oversold relative score. The scatter plot on the right shows that the sector has been "orbiting" over the last seven weeks in the lower left quadrant. This quadrant represents a situation where the absolute and relative scores are oversold.
The second graphic provides a deeper dive into the transportation sector. The sector's largest holdings are rental car/ride services, airlines, and shipping companies. While direct tariffs on these companies may be less than others, they are susceptible to slowing economic activity. These stocks may likely continue to underperform if the economy does enter a recession. However, if the economy can sustain itself as tariff deals get worked out, these stocks may be the ones to watch, as they are certainly due for a period of outperformance.
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“Want to achieve better long-term success in managing your portfolio? Here are our 15-trading rules for managing market risks.”
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Site: Real Investment Advice
Market volatility is an inevitable part of investing. While short-term fluctuations can create uncertainty, a well-structured portfolio can help protect investments from volatility and ensure long-term financial stability. Managing market fluctuations requires a disciplined approach that includes diversification, asset allocation, and risk management techniques.
In this guide, we’ll explore why markets fluctuate, how investors can create a resilient investment strategy, and practical steps to navigate market turbulence with confidence.
Understanding Market Volatility
Market volatility refers to the degree of variation in asset prices over time. While some level of movement is normal, extreme fluctuations can create significant risk for investors. Some common causes of market volatility include:
- Economic Conditions: Inflation, interest rates, and employment data can influence investor sentiment.
- Geopolitical Events: Wars, trade tensions, and global crises often trigger sudden market shifts.
- Corporate Earnings Reports: Positive or negative earnings results can impact stock prices.
- Market Speculation: Rapid buying or selling can create excessive price swings.
While volatility can be unsettling, long-term investors can implement strategies to manage risk and stay on course toward their financial goals.
Diversification: The Key to Stability
One of the most effective ways to protect investments from volatility is through diversification. By spreading investments across various asset classes, industries, and geographies, investors reduce the impact of a single event on their portfolio.
A diversified portfolio may include:
- Stocks: Growth-oriented assets with long-term appreciation potential.
- Bonds: Fixed-income investments that provide stability and regular income.
- Alternative Investments: Assets such as real estate, commodities, and REITs that help hedge against inflation.
By maintaining a mix of high-growth and stable investments, investors can create a portfolio that withstands market downturns while still capturing long-term gains.
Asset Allocation: Finding the Right Balance
Asset allocation is the process of dividing investments among different asset classes based on financial goals, risk tolerance, and market conditions.
A well-balanced portfolio may include:
- Equities (Stocks): Typically offer higher returns but come with greater volatility.
- Fixed-Income (Bonds): Provide income and reduce risk during economic downturns.
- Cash Equivalents: Money market funds and Treasury bills provide liquidity.
How to Adjust Asset Allocation Based on Market Conditions
- In bull markets: Increase exposure to equities for growth opportunities.
- In bear markets: Shift towards bonds and defensive sectors to preserve capital.
- During economic uncertainty: Consider alternative assets like gold or real estate.
Rebalancing your portfolio periodically ensures that your asset allocation remains aligned with your long-term strategy.
Defensive Investments for Market Stability
During periods of high volatility, certain investments can help stabilize returns and mitigate losses. Some defensive strategies include:
1. Investing in Defensive Stocks
Defensive stocks belong to industries that remain stable during economic downturns, such as:
- Healthcare (pharmaceuticals, hospitals)
- Consumer Staples (food, beverages, household products)
- Utilities (electricity, water, gas)
These companies provide essential goods and services, making them less susceptible to market downturns.
2. Adding Bonds to Your Portfolio
Bonds provide predictable returns and act as a buffer against stock market volatility. Some popular bond options include:
- Government Bonds (Treasuries): Low-risk investments backed by the U.S. government.
- Municipal Bonds: Tax-free income options for high-net-worth investors.
- Corporate Bonds: Higher yield bonds from stable companies.
3. Exploring Alternative Investments
Alternative assets can add diversification and protection during volatile markets. Some options include:
- Real Estate (REITs): Provides steady income and hedges against inflation.
- Commodities (Gold, Silver): Safe-haven assets during economic downturns.
- Hedge Funds: Actively managed strategies designed to reduce downside risk.
Including defensive investments in a portfolio can help reduce risk exposure while ensuring steady long-term growth.
Practical Strategies for Managing Market Fluctuations
Beyond asset allocation, investors can use strategic approaches to maintain discipline and avoid panic-driven decisions.
1. Dollar-Cost Averaging (DCA)
Dollar-cost averaging is a strategy where investors invest a fixed amount of money at regular intervals regardless of market conditions. This reduces the impact of short-term volatility and prevents emotional decision-making.
2. Portfolio Rebalancing
Over time, market fluctuations can shift the weight of asset allocations. Rebalancing restores your portfolio to its intended investment mix, ensuring that risk remains manageable.
3. Avoiding Emotional Investing
Investors often react emotionally during market downturns, leading to panic selling and locking in losses. Staying focused on long-term goals and maintaining a disciplined approach is key to investment success.
Staying on Course During Volatility
Market volatility is unavoidable, but with the right investment strategies, you can protect your wealth and capitalize on long-term opportunities. By focusing on diversification, asset allocation, and defensive investments, you can reduce risk and navigate market fluctuations with confidence.
At RIA Advisors, we help investors develop customized financial plans that balance risk and reward for long-term stability. Contact us today to create a portfolio that weathers market volatility and secures your financial future.
FAQs
How can diversification help protect my investments from volatility?
Diversification spreads risk across multiple asset classes, reducing the impact of a single market downturn on your portfolio.
What’s the best asset allocation for managing market fluctuations?
The ideal asset allocation depends on your risk tolerance, investment horizon, and financial goals. A mix of stocks, bonds, and alternative assets can provide stability.
Should I sell my investments during market downturns?
Reacting emotionally to volatility often leads to poor decisions. Long-term investors should focus on strategy and avoid panic selling.
How often should I rebalance my investment portfolio?
It’s recommended to rebalance your portfolio at least once a year or when asset allocations shift significantly due to market changes.
What is dollar-cost averaging, and how does it help during market volatility?
Dollar-cost averaging involves investing a fixed amount at regular intervals, reducing the impact of short-term price swings and minimizing emotional decision-making.
The post How to Protect Your Investment Portfolio from Market Volatility appeared first on RIA.
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Site: The Remnant Newspaper - Remnant ArticlesAppallingly, there are some who still think that the best cure for anti-Semitism is anti-Catholicism. We see this especially from those who insist that we cannot proclaim the Kingship of Christ.
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Site: Mises InstituteIt was the absence of income taxation and a hardly noticeable regulatory regime that were the most important policy issues related to post-Civil War growth, along with the existence of the gold standard (in various forms).
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Site: Mises InstituteIt is not just the future generation who bears the burden of increased government debt, but the current generation who pay the interest to the banks and corporations through higher taxes and higher price inflation.
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Site: Novus Ordo Watch
Never mind that “without faith, it is impossible to please God” (Heb 11:6)…
Catholic Answers: God Can Choose to Save Atheists!
The California-based non-profit organization Catholic Answers, which aims to explain and defend the Vatican II religion in full communion with ‘Pope’ Francis, is becoming a parody of itself.
One of the many things published on the Catholic Answers web site is a brief post with the intriguing title, “Can atheists be saved just by acting charitably?” The truly Catholic answer would have been fairly simple — something along the lines of, “Of course not; for ‘without faith it is impossible to please God’ (Heb 11:6).” … READ MORE
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Site: Novus Ordo Wire – Novus Ordo Watch
Never mind that “without faith, it is impossible to please God” (Heb 11:6)…
Catholic Answers: God Can Choose to Save Atheists!
The California-based non-profit organization Catholic Answers, which aims to explain and defend the Vatican II religion in full communion with ‘Pope’ Francis, is becoming a parody of itself.
One of the many things published on the Catholic Answers web site is a brief post with the intriguing title, “Can atheists be saved just by acting charitably?” The truly Catholic answer would have been fairly simple — something along the lines of, “Of course not; for ‘without faith it is impossible to please God’ (Heb 11:6).” … READ MORE
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Site: PeakProsperityChris discusses Trump's economic policies, market manipulation, and potential supply chain disruptions, questioning if Trump 2.0 differs from Trump 1.0.
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Site: Public Discourse
In the past couple of months, thousands of students from across the country began courses offered by new schools of “civic thought.” These new institutions have found homes at some of America’s most highly respected and elite public universities: UNC–Chapel Hill, UT-Austin, and the University of Florida, among others. The growth and spread of these schools has taken on a somewhat revolutionary character.
Several state legislatures have taken a direct role in efforts to reshape American higher education by diverting taxpayer dollars to the creation of new, autonomous academic units capable of hiring faculty and setting their own curricula. But despite their growing popularity, these institutions have prompted criticism from media outlets seeking to expose their supposedly partisan character and their allegedly obscure Western-minded curriculum. In response to these claims, defenders have argued that this is instead a renaissance of civic thought and a good-faith effort to return higher education to standards of excellence that all Americans should embrace.
The Path from Civic to Liberal Education
In May of 2023 I graduated from the first iteration of this new kind of school: The School of Civic and Economic Thought and Leadership (SCETL) at Arizona State University. It set forth an unconventional kind of education that allowed me to study a variety of subjects, including politics, law, grand strategy and political philosophy—all within the same department. Despite slanderous claims about an alleged right-wing political slant—false allegations that SCETL has faced since its inception in 2018—I felt very early on that there was something quite free, perhaps even liberal, about the breadth of our study, especially when contrasted with my experience in other departments.
And yet critics, from the outset, claimed that liberal education had no place at SCETL. They denounced the school because of its origins in government intervention, and because they believed a focus on the history and thought of Western civilization apparently prevented it from considering “diverse political theorists.” True liberal education, critics claimed, could only occur in the “real” humanities majors or in the university’s already established departments of Political Science and Justice Studies. Only there could students actually come to shed their partisan commitments on behalf of a newfound faithfulness to a vague conception of human rights and equity, established through cold, hard, unimpassioned empirical science and analytical philosophy.
Nevertheless, at my freshman orientation, professors made a compelling case for a new kind of broad, interdisciplinary education that would take its bearings by the question of the ideal American citizen. The school’s curriculum, in order to prepare us to confront and even revive perennial questions about the American democratic republic, would go beyond a mere survey of the founding documents. Our education, they told us, would reach to the philosophical roots of the American experiment by examining the Founders’ various treatments of questions concerning the human condition, the basis of law, and the natural limits of politics.
Yet, because the Founders did not all agree as to the conclusions of these treatments—and insofar as we were interested in attaining a vantage point from which to critically reflect on the basis of the American experiment—our education would need to venture beyond mere civic education. To better grasp for ourselves the character of the discord present at the American Founding, we would have to initiate our own encounter with the same texts and thinkers that inspired the Founders’ most significant reflections.
By not merely taking the Founders at their word regarding uses of philosophical authorities, leaving open the possibility that these authorities had something to say beyond what the Founders attributed to them, we crossed over into the realm of liberal education. In my own case, the additional depth of our inquiry granted me an awareness of how the American citizen might be viewed as the Founders’ earnest attempt to solve what they believed to be the greatest problems posed by the Western tradition. For this reason, it became clear to me how—and why—a liberal education could contribute to students’ civic reflection by deepening their understanding of the rights and duties that characterize their citizenship. Less clear to me, though, was how a civic education could or should contribute to a liberal education.
A Reconsideration of the Requirements for Liberal Education
A year later I declared a second major, this time in the Department of Political Science. Between my experience there, and in elective courses alongside many students from other humanities majors in the College of Liberal Arts and Sciences, I found SCETL’s education much less partisan and far less narrow than the alternatives offered by ASU. It eventually became clear to me that the cold, hard, and unimpassioned empiricists and political scientists—who bred a body of students with the opposite dispositions—put the cart before the horse. They sought to build before laying the foundation on which to build.
While the kind of liberal education they taught—or what they conducted in its name—did offer exposure to a variety of laws, norms, cultures, and ideologies, it took for granted students’ preparedness to look harsh facts in the face unflinchingly. In failing to distinguish for students the attempt to understand these subjects on their own terms and the attempt to understand them through the latest flavor of twentieth century liberalism, the departments in question prepared students for a total detachment from the American political tradition. Residual imprints that the American story might have left on their souls, or lingering effects of having been reared in the Western world, had to be identified and discarded.
Ironically, this attempt to detach students from the complicated, and at times morally objectionable, tapestry of American political history leads students to be far less reflective about the very basis of their education and their freedom to pursue the truth. It has the effect of leaving students stranded at sea, without knowledge of the very tradition and history that thoroughly articulated the basis for their freedom to depart—however unknowingly—from that tradition and history. That articulation in part comprises the many historical experiences we have of confronting obstacles to the sound application of law and justice, and it supplies the basis for the free and open inquiry that our institutions of higher education can (at least in principle) enjoy today.
Secondly, but perhaps more importantly, students who never cultivate a reflective admiration or love for the American experiment run the risk of adopting a disposition that regards any theoretical or practical departure from the American political tradition as trivial. I refer to the tradition that originated in the first conscious attempt to realize democratic republicanism on a continental scale, and which never took for granted the problems that such scale posed to the task of protecting the natural rights of man. Yet today, when it comes time for the students described above to give a defense of these rights in the political sphere, they either find themselves unprepared to earnestly confront the alternatives to American democracy, or they take a position that unconsciously sacrifices institutional and cultural safeguards that were regarded as crucial to democracy by the political tradition.
If they have yet to understand the American order on its own terms, how can we trust that they will both critique and defend it with the proper care? Moreover, how can we expect them to bear the weight and significance of assessing any alternative to liberal democracy, as is required of students who pursue a true liberal education? It follows that for liberal education to have its greatest impact, it must be taken up by students who hold neither a childish love toward their country nor an outright indifference to it. An analysis of how civic education might contribute to a liberal education ought to begin along these lines.
My own education at SCETL began with two lower-division core requirements for the major. The first was an introduction to political philosophy, and the second was a study of the great debates of the American political tradition, taught by Professor Zachary German. In the latter course, we spent a significant part of the semester hashing out the competing arguments surrounding the abolition of slavery; and through insights I gained in the introductory political philosophy course, I was better able to reflect on both the timeless and the historical character of a few key questions that have permeated the Western tradition.
In returning to a well-known debate concerning the nature of justice, recorded by Plato, I was able to see most clearly the crux of the disagreement between Stephen Douglas and Abraham Lincoln. Through Douglas’s proposed local democratic solution to the problem of slavery, his constituency of Northern Democrats and former Whigs, great in number and in strength, would be permitted to preserve the institution of slavery. For Lincoln, no fact of strength or number could be permitted to deny the natural rights of man embodied in the Declaration of Independence. The character and problem of justice, then, seemed to require more than the principle of “one person, one vote.”
In a course I took with the then-director of SCETL, Paul O. Carrese, we engaged in a comparative study of Abrahamic, Hindu, and Confucian philosophy and theology. The adverse reaction that large branches of the Islamic tradition had to the idea of democracy became a central focus of study for much of the semester. Examining the prospect of liberal democracy from democracy-skeptical Muslim perspectives helped me to see more clearly than I had ever before the requirements of liberal democracy, the peculiarity of the basis of our rights, and the historical novelty of the American system that separated church and state.
The Function of Schools of Civic Thought
Institutions like SCETL rightly see American citizenship and the American political tradition as the proper starting point from which to begin a practical education in law, statesmanship, and grand strategy. Through civic education we can retrace the character of that liberal education sought out and applied by the Founders in the design of our democratic republic, keeping an eye on the subtleties they identified in the human condition and on the enduring questions they posed about our nature. Schools of civic thought such as SCETL therefore also prepare us to zoom out from the particular in search of universal truths in a manner that is more conscious of potential obstacles to clear thought and sound judgment. This blend of civic and liberal education keeps the question of our own citizenship in the forefront of our minds, and for that reason it will better prepare us for the task of reassessing the potential of democracy and the health of our society.
Furthermore, the highly practical nature of this education will prepare students for law school, for work in federal and state government, for organizing civil associations, and for leadership in the private sector, among other roles in public life where we are in desperate need of better leadership. Students will learn how to read, write, and speak with a certain prudence attainable only through a deep study of the American political tradition and Western civilization.
These new schools of civic thought will continue to “teach critical minds and to puncture complacency” while urging students “to be both proud of genuine greatness and humble about human imperfection.” As Americans begin to familiarize themselves with this new front in higher education—one that can no longer be marginalized or dismissed out of hand—it is my hope that wrongheaded media criticism will eventually give way to the clear positive impact that these schools are having. I challenge the critics to meet these schools on their own terms—that is, as institutions supporting genuine diversity of thought and intellectual rigor.
Image by Wangkun Jia and licensed via Adobe Stock.
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Site: Novus Motus LiturgicusWe are grateful to Dr Michael Coughlin, Professor of Theology at Saint John’s Seminary in Boston, for sharing with NLM this review of Monsignor Stefan Heid’s book Altar and Church: Principles of Liturgy from Early Christianity. Mons. Heid is a priest of the archdiocese of Cologne, Germany; he has taught liturgy and hagiography at the Pontifical Institute for Christian Archeology in Rome Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
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Site: Euthanasia Prevention Coalition
Alex SchadenbergAlex Schadenberg
Executive Director,
Euthanasia Prevention Coalition
At a Ottawa campaign event on April 12, Pierre Poilievre, stated that, if elected, a Conservative government would not expand eligibility for (MAiD) euthanasia, but pledged that Canadians would continue to have access to MAiD.The Globe and Mail report on April 12 emphasized that Poilievre will not expand euthanasia, in March 2027, to include people with mental illness alone.
Krista CarrAn article by Stephanie Taylor that was published in the National Post on April 12, interviewed Krista Carr, the CEO of Inclusion Canada. Taylor wrote:
Krista Carr ... welcomes Poilievre’s commitment not to expand assisted dying any further, she hopes he means that Canadians who are terminally ill would continue to have access, not those whose deaths are not deemed “reasonably foreseeable.”
She wants all federal parties, including the Conservatives, which Carr noted fought against widening access when the bill was before Parliament, to change the law to return the eligibility criteria to require that someone be determined to be close to death to qualify for an assisted death.
The current law is “very discriminatory” towards the disabilities community, she said.The Euthanasia Prevention Coalition opposes all euthanasia deaths, but we recognize that stopping the expansion of euthanasia is necessary.
Canada's euthanasia law has continually expanded. Canada's 2023 euthanasia report stated that there were 15,343 reported euthanasia deaths representing 4.7% of all deaths.
On April 1, 2025 I published an article titled: Elections have consequences. Vote for candidates that will oppose further expansions to euthanasia.
This is an important election for Canadians who oppose killing people.
The Office of the Chief Coroner of Ontario released a report from the Ontario MAiD Death review Committee indicating that there were at least 428 non-compliant Ontario euthanasia deaths from 2018 to 2023.
Canada's federal government has scheduled to allow euthanasia for mental illness (alone) beginning on March 17, 2027. A report by the Special Joint Committee on Medical Assistance in Dying (AMAD) that was tabled in the House of Commons on February 15, 2023 called for an expansion of euthanasia to include children "mature minors" and patients with mental illnesses and that patients with dementia be permitted to make advance requests for euthanasia.
On March 21, 2025 the Convention on the Rights of Persons with Disabilities Committee report urged Canada's federal government to:- Repeal Track 2 Medical Assistance in Dying (MAiD), including the 2027 commencement of Track 2 MAiD for persons whose “sole underlying medical condition is a mental illness”;
- Not support proposals for the expansion of MAiD to include “mature minors” and through advance requests;
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Site: Henrymakow.com(Entitled "Palm Sunday", Bob Moran's painting expresses God's frustration with His creation)Mark Carnage Promises Return to Trudeau TyrannyCanada: Mark Carney Vows Internet Speech Crackdown if Elected, Citing Online "Pollution" of Misogyny, ConspiraciesMark Carney dodges Epstein jabs in Hamilton while reviving failed Liberal plans for speech control via Bill C-36 and Bill C-63.BREAKING: Carney Sold Canada's Gold to the UK"He approved the sale of our remaining gold reserves. Since his approval, the Bank of Canada holds nothing now. Despite him being advised on the risk of doing so. The reminder was sold after his tenure but he approved the sale...at a THIRD of what the prices are today."He sold 63% of Canada's reserves to the UK, then he goes to the UK a month later to become the head of the Bank of England. During his time there, he sold 0 gold during his tenure!-Kevin Barrett- Yahwism vs. Monotheism: Are Jews Programmed for Genocide?"This Jewish extermination and enslavement of non-Jews would be the genocide to end all genocides, a fiery holocaust in which the memory of all other holocausts would be consumed-Mark Glenn seems to think Trump is serious about avoiding war with Iran. I wish he were right.Screaming like a stuck pig, Judea warns that POTUS DJT's Iran talks could 'backfire and strengthen the regime'"The Jews as a religious group have been planning on Iran's total destruction for the last 2,500 years as evidenced by their yearly celebration of Purim, where they believe their genocidal ancestors mass murdered 75,000 Persians. It is the most festive of all their yearly celebrations of Gentile-cide, where they are commanded, RELIGIOUSLY COMMANDED, to get falling-down drunk and eat pastries made out to resemble the body parts-ears, eyes, hands, INTERNAL ORGANS, of their Persian enemies.There isn't a 'religion' like this anywhere else on earth, the only possible exception being those cannibals in Africa who eat their human victims in order to get superhuman strength.POTUS DJT however isn't 'buying it' and isn't as enthusiastic about the prospect of WWIII as a whole horde of 'experts' across the 'alternative media' claim. Quite the contrary, just as he promised in his campaign, he is out to prevent wars, and the process of negotiating a new 'nuclear deal' with Iran is part of keeping that promise."-Israeli officials 'alarmed' over 'soft US stance' in nuclear talks with Iran"Some in Israel are hoping that the talks collapse, potentially paving the way for a credible military option. One of the central concerns is that Trump might prefer a moderate compromise to avoid a direct confrontation with Iran.-POTUS DJT's Special Envoy Steve Witkoff Presented Iran With Draft Deal That Stops Short of Dismantling Nuclear Program--Thousands of Israeli Reservists and Veterans Back Air Force Letter Demanding an End to 'Political' Gaza WarReader--"It's religious, not poltical. The crazy Zealots thought they could do what Joshua did.But they have fallen flat on their faces. They either give up and admit Judaism is garbage, or they ignite WW3."-----Lutnick sees millions of Americans screwing millions of little screws into iphones.As Dave Chapelle said, "We want to wear Nikes. We don't want to make them!"-'Screw you!': Netanyahu's son lashes out at Macron; PM objects to language, echoes critiqueYair Netanyahu assails president for saying France would soon unilaterally recognize a Palestinian state; PM rejects his son's turn of phrase, but endorses the message-Desperate housewife of North Dakota, Kristi Noem wants you to use Real ID. Say no. Here is how.Sasha Latypova---"I am planning to NOT comply. Go to RefuseRealID.org or read this summary.In 2005, Congress passed an unconstitutional law requiring all American citizens to be issued a "National Identification card" (U.S. Senator Lamar Alexander's words on the Senate floor) - a REAL ID. Interesting how 2005 was the year of passing unconstitutional laws in the US, including the infamous PREP Act. In 2008, the Department of Homeland Security issued a rule requiring all states to conform to the unconstitutional federal law and issue REAL IDs for driver's licenses and identification cards.More than half of the states REFUSED this usurpation of states' rights--25 states passed laws prohibiting compliance and 12 states passed resolutions opposing REAL ID. Federal deadline after deadline passed with little state compliance. In 2016, President Obama issued the "You can't fly" lie. In 2017, U.S. Senator Rand Paul sponsored a bill to repeal REAL ID, but it did not advance (Senator Paul is now the chair of the U.S. Senate's Homeland Security committee)."So, since the Patriot Act, they've been trying to get something called the Real ID adopted, and their latest push is to do it through the states and insist that you needed to travel. And they're getting very bad uptake. So they keep warning people they can't travel after a certain point this year. I think it's May. And yet they're getting very poor uptake, but they're pushing hard. And, of course, Trump is making all sorts of noises with election fraud and immigration on biometrics, and there's push for that. And I'm not current on the latest details on that. I've been trying to work with people at the state level to stop the real ID."I think, you know, I'm hopeful that more and more people are beginning to understand the risk of this stuff. We've seen a real appreciation now for why it's so important to use cash and checks and to keep the financial system analog. And I don't know how you're doing on that in Britain, but people are starting to realize, oh, this technology is more to control. It's not really to help us."-Goyim Plantation Workers Compose Gospel Hymn to ZOGWhat's the chance, what's the chance, we'll get our country back?It will take a lot of courage, yes, the courage we lack.The values we prized are now almost gone,As we live in a country they own.It's a country they own, the Zionists, I swear,And they're hardly inclined all their power to share...-Massachusetts' Department of Children and Families reportedly took a homeschooling couple's five children away after a pediatrician reported them for not vaccinating their 9-month-old."Worse than china! US ruled by despots worse than communists!--Dr. Paul Thomas: Vaccines Cause 97% of Sudden Infant DeathsOne of America's leading paediatricians has gone on the record to warn the public that vaccines cause the vast majority of sudden deaths in young children and babies.--"Jewish Donors Are Responsible For Most Brazen Assault On Academic Freedom!" - Norman Finkelstein-You won't believe THIS crazy climate scam. Sweden is buying 48 000 electric mopeds for Ghana.Because this is what they call "climate compensation" in order to compensate for 250 000 ton of greenhouse emissions up until the year 2030.So in order to "compensate" for climate emissions in Sweden, they have the brilliant idea of buying 48 000 new electric mopeds and give them to Ghana.Guess what? Ghana has major electricity supply problems.-Helena- Argentina's Milei: The Bolshevik Success Story of Poverty1) Argentina is cooking the books with respect to the real value if inflation. 2) Argentina has pushed 60% of the population into poverty in less than 2 years. 3) Despite slashing government offices, government spending continues to RISE. 4) A host contributor to Argentina's malaise is about to increase as the IMF gives them another $20 billion on their outstanding $65 Billion in default.-
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Site: Euthanasia Prevention Coalition
Alex SchadenbergAlex Schadenberg
Executive Director,Euthanasia Prevention Coalition
I received a message asking me:
Do you oppose a peaceful end to life?The message assumed that I lack compassion by stating:
You'd rather see your loved one suffer in unimaginable pain and agony, by blocking their decision for a peaceful exit?The message ended by expressing his pain:
I just hope that you never have to experience a loved one suffering as I have.Yes, I oppose killing people and I don't want people to suffer.The death lobby creates a false dichotomy. They want you to believe that there are two choices, to suffer to death or be killed.
Medicine has the ability to relieve pain and symptoms without killing people. We urge the medical system to make the relief of suffering a priority. (Article Link).
It is easier to attack me for being opposed to killing people than it is to challenge the medical system for not providing effective pain and symptom relief. Nonetheless:- Yes, the improvement of good end-of-life care is a necessity, but
- Yes, euthanasia is discriminatory towards people with disabilities,
- Yes, euthanasia is the abandonment of people in need, and more.
Legalizing euthanasia has greater societal effects.Legalizing euthanasia effects attitudes towards people with disabilities, elderly frail people and people living with chronic conditions. (Links to Article 1, Article 2, Article 3, Article 4)
As much as I oppose killing people, it is also not safe to give medical practitioner the right in law to kill their patients.
When a person asks a medical practitioner to end their life, that person may or may not be living with a terminal condition. But if the medical practitioner agrees to euthanasia, the doctor is actually saying that he/she agrees that your life is not worth living.
The doctor is also saying you are not worth treating, you are not worth providing excellent pain and symptom management for, you are not worth the time and effort to care for you.They say it is about choice, but really it is about abandonment.
Why are people asking to be killed?
Most people who ask to be killed are living with a difficult physical and/or psychological condition. They often:- feel alone and are lonely,
- fear possible future pain and symptoms,
- fear being a burden on others,
- feel that their life has lost meaning or value,
- feel that they are better off dead.
There are a lot of valid reasons to oppose euthanasia that are not included in this article, but it primarily comes down to opposing the killing of people. -
Site: Mundabor's blogI was reading this, and I felt the urge to say something that is very much in my heart. I have still a lot of relatives in Italy, many of them of a certain age, and I can tell you this: the Italian health care system is the best on the planet, bar none, and […]
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Site: Mises InstituteThe advocates for war always rely on lies and dismissing any debate. When the lies are pointed out, those interested in the truth are attacked as conspirators with the enemy. Debate is beneath the foreign policy “experts,” perhaps because they know their ideas aren’t defensible.
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Site: Mises InstituteThanks to President Trump‘s brinkmanship, tariffs are in the headlines. However, while the public knows about tariffs, few people actually understand them, their history, and how they work.
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Site: Mises InstituteMises explicitly says in Omnipotent Government that Soviet Russia should be allowed to expand in Eastern Europe after World War II ends, in order to prevent the rebirth of a strong Germany. Obviously this was not a fascist position.
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Site: Mises InstituteOne cannot preserve a free society merely through legal reforms or economic deregulation. One must cultivate citizens capable of living freely.
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Site: Steyn OnlineMeet our Brit Wanker Copper of the Day:
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Site: Novus Motus LiturgicusIn the Missal of St Pius V, there is a very small number of days on which two Scriptural lessons are read before the Gospel: the Wednesdays of the Embertides, of the fourth week of Lent and Holy Week, and Good Friday. As I have described elsewhere, these readings are actually part of a block which is inserted into the Mass between the Kyrie and the collect, consisting of three elements: 1. a Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
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Site: PaulCraigRoberts.org
Update on the Covid “Vaccines”
Dr. Russell Blaylock
Dr. Blaylock is a nationally recognized neurosurgeon, health provider, lecturer, and editor of and reviewer for medical journals.
Dr. Blaylock was one of the early medical professionals who warned of the faulty treatment of Covid by the medical establishment, warned of the dangers of the “vaccine,” and supported the use of Ivermectin and HCQ as both preventatives and cures. As he is in private practice, he couldn’t be fired for telling the truth.
Studies have shown that by the third injection with a COVID vaccine, a person’s immune system is virtually destroyed. This occurs because a factor called IgG4 is drastically increased by these injections, and IgG4 suppresses immunity.
This explains why so many people who have been “vaccinated” have suffered from multiple bouts with COVID-19 and other infections, including bacterial pneumonia.
It also explains, in part, the emergence of what are called “turbo” cancers — the appearance of fatal, stage IV cancers within weeks or even days of injection. Pathologists all over the world have stated that they’ve never seen cancers grow this fast (hence the turbo label). In addition, people who have had their cancer under control for years have died within weeks of a stage IV cancer following vaccination.
Molecular biologists examined several vials of the COVID-19 “vaccine” and found thousands of fragments of foreign DNA — most likely from the cells used to grow the virus. This was reported at the time, and the study has been repeated, with new researchers finding the exact same thing: thousands of bits of foreign DNA in each vaccine vial. They also found a promoter/enhancer gene for the SV40 cancer virus in each of the vials.
Research has demonstrated that DNA fragments from vaccines can be incorporated into a person’s DNA and be transmitted to their offspring. Even the mRNA producing the spike protein (the toxic part of the virus) has been shown to be incorporated into an injected person’s DNA, thus producing the deadly spike protein, possibly for a lifetime. That would also enable it to be transmitted to the person’s offspring.
In another comprehensive study based on 325 autopsy studies reported in the medical literature, Dr. James Lyons-Weiler along with nine other experts representing many scientific fields looked for a possible connection to the COVID vaccine as a cause of death. They found most of the deaths occurred within one week after getting the injection. The most common cause of death was cardiovascular (49 percent).
The other common causes of death included:
Hematological (17 percent)
Respiratory (11 percent)
Multiple organ system failure (7 percent)
Some 73.9 percent of the deaths (240) were deemed to be secondary to the injection. Three or more organ systems were involved in 21 cases. The average time between the injection and death was 14.3 days.
Why wasn’t the “vaccine” pulled at that point as being too dangerous? In the past, a vaccine —especially if it was a new design — was withdrawn even after a few deaths were reported.
Why did the Centers for Disease Control and Prevention (CDC) do everything in its power to prevent any autopsies from being performed on the deceased? The pathologists were literally screaming to do them.
Autopsies are the best way to discern the various aspects of a new disease or infection. The refusal to perform autopsies was not caused by a fear that the pathologists would get infected, as none were shown to be linked to autopsying these cases.
In my opinion, there were two reasons for the CDC’s decision. First, with the actual infection, they didn’t want proof that most of the deaths were caused by the CDC protocol all hospitals were told to follow — not the virus itself. Second, they didn’t want anyone having proof that many died as a result of neglect by the hospitals.
With the vaccines the motivation was different. They didn’t want proof that these “vaccines” were killing people, though that is exactly what the autopsies showed.
Now we have proof, and we have proof that the authorities and the mainstream media hid the truth about virtually every aspect of this sordid episode.
Note by PCR: Biden protected Fauci and others involved with his federal pardons. However, the federal pardons do not prevent states from bringing criminal charges. Those who destroyed people’s lives and health must be held accountable.
Dr. Blaylock’s monthly reports will save you from Big Pharma “medicine” for as little as $50 annually.
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Site: Community in Mission
According to Matthew 21:10-17, Mark 11:15-17, and Luke 19:45-46, Jesus returns to Jerusalem today. Seeing shameful practices in the Temple area, He cleanses it. The Gospels also recount His weeping over Jerusalem and His cursing of the fig tree. Matthew and Mark relate that He returned to Bethany that night. Let’s look to the details.
Prelude: The Scriptures record that Jesus went to Bethany on the Sunday evening after His triumphal entrance into Jerusalem (Palm Sunday):
[Jesus] went into the temple courts. He looked around at everything, but since it was already late, He went out to Bethany with the Twelve (Mk 11:11).
It is likely that Jesus stayed at the house of Martha, Mary, and Lazarus. Bethany was a mere two miles from Jerusalem (though a steep climb), just over the Mount of Olives.
Pain: The next morning (Monday) Jesus arises and goes back toward Jerusalem. Luke records that as He came over the crest of the hill on the Mount of Olives He wept:
As Jesus approached Jerusalem and saw the city, He wept over it and said, “If only you had known on this day what would bring you peace! But now it is hidden from your eyes. For the days will come upon you when your enemies will barricade you and surround you and hem you in on every side. They will level you to the ground—you and the children within your walls. They will not leave one stone on another, because you did not recognize the time of your visitation from God” (Lk 19:41-44).
Today on this spot there is a chapel named Dominus Flevit (the Lord wept), which is in the shape of a teardrop. From here Jesus could see the whole city spread out below. He could also see forty years into the future to the time when the Romans would destroy the city and Temple, the culmination of a horrible and pointless war (64-70 A.D.) for liberation from the Romans. Had Jesus’ message been heeded, the Romans would not have been regarded as enemies to kill but rather as brothers to convert to the gospel.
Passionate Anger: Mark recalls an event as they come down the hillside:
The next day, when they had left Bethany, Jesus was hungry. Seeing in the distance a fig tree in leaf, He went to see if there was any fruit on it. But when He reached it, He found nothing on it except leaves, since it was not the season for figs. Then He said to the tree, “May no one ever eat of your fruit again.” And His disciples heard this statement (Mk 11:12-14).
The fig tree is widely interpreted as representing the Jewish people. The Lord looked for fruits among His chosen people but found none. Jesus’ rebuke of the tree illustrates His righteous anger at and disappointment in their lack of the fruits of faith. Scripture says elsewhere,
And the men of Judah are [the Lord’s] pleasant planting; and he looked for justice, but behold, bloodshed; for righteousness, but behold, the outcry! (Is 5:6-7)
And Jesus told this parable: “A man had a fig tree planted in his vineyard, and he came seeking fruit on it and found none. And he said to the vinedresser, ‘Look, for three years now I have come seeking fruit on this fig tree, and I find none. Cut it down. Why should it use up the ground?’ And he answered him, ‘Sir, let it alone this year also, until I dig around it and put on manure. Then if it should bear fruit next year, well and good; but if not, you can cut it down’” (Luke 13:6-9).
Seeing no fruit in this last hour, Jesus in effect finishes the parable. The hour of judgment has come upon ancient Judah.
Many misunderstand the phrase that it was “not the season for figs,” falsely concluding that it was thus “unfair” to expect figs on the branches. However, it is for this very reason that one would expect to find figs growing in the branches, for if it were the harvest one would expect bare branches as the figs would have just been harvested. It is before the harvest that one expects to find figs, even if not fully ripe, growing in the branches. Seeing nothing but leaves, Jesus curses the tree.
Pivotal Event: The cleansing of the Temple was indeed a pivotal event. Here is Mark’s account:
And they came to Jerusalem. And he entered the temple and began to drive out those who sold and those who bought in the temple, and he overturned the tables of the money-changers and the seats of those who sold pigeons. And he would not allow anyone to carry anything through the temple. And he was teaching them and saying to them, “Is it not written, ‘My house shall be called a house of prayer for all the nations’? But you have made it a den of robbers.” And the chief priests and the scribes heard it and were seeking a way to destroy him, for they feared him, because all the crowd was astonished at his teaching (Mk 11:15-18).
The Lord’s grief and anger grow worse as He enters the Temple. What made him so angry? Mark’s Gospel states the reason most clearly: It is not the selling of animals (which were needed for the sacrifices) per se, but that they were being sold in a part of the Temple grounds reserved for the Gentiles to pray. This is an insult and amounts to a denial that the prayers of the Gentiles mattered at all. Jesus was about to die in order to reunite God’s scattered children. And I, when I be lifted up from the earth, will draw all people unto me (Jn 12:32).
As for the Temple being a den of robbers, the implication is that the dealings there are unjust and exploitative.
Why is this a pivotal moment? The action of Jesus is a prophetic judgment made in the very center of the Temple leaders’ power. The Temple was the locus of their power and prestige. It is not lost on them for a moment that Jesus has threatened all of this, not merely by what He has said but by his popularity among the people.
According to John’s Gospel (which actually remarks on this earlier in Jesus’ ministry), when the Temple leaders demanded a sign and an explanation for this action Jesus said,
Destroy this temple, and in three days I will raise it up again.” “This temple took forty-six years to build,” the Jews replied, “and You are going to raise it up in three days?” But Jesus was speaking about the temple of His Body (Jn 2:19-21).
This had a further impact on the Temple leaders, who would later accuse Jesus (at His trial) of threatening to destroy the temple (e.g., Mk 14:58).
Theologically, Jesus is saying that Temple worship is over. He is the temple. He is the priest. He is the lamb. It is His blood that will cleanse us. Temple worship is ended because what it pointed to (Jesus) is now here. Its purpose is fulfilled in Him.
Quite a day, this Monday of Holy Week! Can you sense the grief and anger of the Lord? Remember, His anger is a righteous one. Everything was being fulfilled for the ancient people, but many are rejecting the very one God has sent to save them. Jesus cannot remain indifferent to their tragic rejection. He both weeps and has a grieving anger.
Do we weep for the condition of our world? Do we pray and seek to call forth the fruits of faith, justice, and truth?
Jesus does not give up. He will spend the next day teaching and seeking to win as many as possible to the truth of the gospel.
The Scriptures conclude Monday of Holy Week in this way:
And he left them and went out of the city to Bethany, where he spent the night (Matt 21:17).
Perhaps Jesus is consoled in His grief and anger by the presence of friends like Martha, Mary, and Lazarus. Perhaps He finds solace in the company of His apostles and others. Scripture says,
A faithful friend is a sturdy shelter:
he that has found one has found a treasure.
There is nothing so precious as a faithful friend,
and no scales can measure his excellence.
A faithful friend is a medicine of life;
and those who fear the Lord will find him (Sirach 6:14-16).Stay close to the heart of the Lord. Be His “consolation.” Be the reparation for the rejection by so many others.
The post What Was the Lord Doing on Monday of Holy Week? appeared first on Community in Mission.
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Site: PaulCraigRoberts.org
Satan’s Chosen People at Work with the Help of Their American Puppets
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Site: PaulCraigRoberts.org
Sen. Ron Johnson Says Top CDC Covid Vaccine Safety Official Might Have Deleted or Destroyed Key Records, Calls For Investigation
How did a Shimabukuro become head of America’s Immunization Safety Office? Were there any ethnic Americans in the Biden Regime? As today’s article makes clear, the Covid vax was far from safe.
https://www.thegatewaypundit.com/2025/04/sen-ron-johnson-says-top-cdc-covid-vaccine/
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Site: Mises InstituteAccording to Keynesian “economics,” central bank interest rate cuts will make the economy stronger—unless the economy is in a “liquidity trap.” The truth is that these kinds of monetary tricks actually weaken the economy.
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Site: Mises InstituteThe principle of Occam‘s Razor states that we should avoid superfluous activity. When it comes to our monetary system, however, the Federal Reserve System doesn't simplify things, but instead complicates the economy. That alone is reason for it to be abolished.
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Site: southern orders
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Site: LES FEMMES - THE TRUTH
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Site: Real Investment Advice
In November last year, I discussed the importance of yield spreads, historically the market's "early warning system." To wit:"
"Yield spreads are critical to understanding market sentiment and predicting potential stock market downturns. A credit spread refers to the difference in yield between two bonds of similar maturity but different credit quality. This comparison often involves Treasury bonds (considered risk-free) and corporate bonds (which carry default risk). By observing these spreads, investors can gauge risk appetite in financial markets. Such helps investors identify stress points that often precede stock market corrections."
In other words, the yield spreads reflect the perceived "risk" in the financial markets. The spread between risky corporate bonds and safer Treasury bonds remains narrow when the economy performs well. This is because investors are confident in corporate profitability and willing to accept lower yields despite higher risks. Conversely, during economic uncertainty or stress, investors demand higher yields for holding corporate debt, causing spreads to widen. This widening often signals investors are growing concerned about future corporate defaults, which could indicate broader economic trouble.
The two charts above show the importance of yield spreads, which tend to rise before financial turmoil in the stock market. When yield spreads began to widen, those increases often preceded liquidity events, reduced corporate earnings, economic contractions, and stock market downturns. In other words, the increase in yield spreads reflected increased investor risk aversion. Eventually, that risk aversion spilled over into the financial markets as investors realized the fundamental shift in the financial markets.
As we discussed in this past weekend's #BullBearReport, yield spreads reflect the recognition of a shift in three primary areas:
- Corporate Financial Health: Credit spreads reflect investor views on corporate solvency. A rising spread suggests a growing concern over companies’ ability to service their debt. Particularly if the economy slows or interest rates rise.
- Risk Sentiment Shift: Credit markets tend to be more sensitive to economic shocks than equity markets. When credit spreads widen, it typically indicates that the fixed-income market is pricing in higher risks. This is often a leading indicator of equity market stress.
- Liquidity Events: As investors become more risk-averse, they shift capital from corporate bonds to safer assets like Treasuries. The flight to safety reduces liquidity in the corporate bond market. Less liquidity potentially leads to tighter credit conditions that affect businesses’ ability to invest and grow, weighing on stock prices.
The recent market disruption caused by Trump's trade war has undoubtedly widened spreads between "risk-free" treasury yields and corporate bonds. This is because those tariffs directly impact corporate financial health (reduced profitability), a shift in "risk sentiment" (valuations), and liquidity (potential increase in default risk). Regarding the last point, the lack of market liquidity is at levels not seen since the economic shutdown in 2020.
While yield spreads have widened, they remain well below the long-term averages. However, if recession risks increase due to tariffs, sentiment, or illiquidity, those yield spreads will widen further. The illiquidity issue is currently the most significant risk to the markets, as the sharp spike in yields this past week is warning of a more significant event brewing in the bond market. As we noted in our Daily Market Commentary this past week:
"On Monday, Treasury bonds had a sharp decline far beyond what the economic or tariff data suggested would be the case. We suspect that on Monday, there was forced liquidation through either margin calls or demand redemption of an institutional fund. The outsized selling and volume on a single day for bonds is highly unusual. The media excuses of “tariffs” or “economic concerns” are issues the bond market has known about for quite some time."
That type of sharp liquidation has historically been the issue of some liquidity events in the bond market. In this case, it appears to be the heavily leveraged arbitrage trade used by hedge funds called the "basis trade." That trade is a little complicated but critically important to understand. The link below is a brief explanation.
However, the increase in yield spreads and the disruption in the bond and equity markets certainly raise the risk profile for investors in the near term.
Economic Policy Uncertainty
We previously addressed the market's selloff, primarily due to the Trump administration's "tariff on, tariff off" policies.
“That catalyst turned out to be President Trump’s “on again, off again” tariff announcements, which created turmoil in earnings expectations. The flux in tariff policies makes it difficult for markets to predict future earnings and corporate profitability. With the “E” in forward valuation measures in flux, markets struggle to price in expected outcomes.”
As shown, those policies are creating a sharp increase in policy uncertainty. We suspect this isn’t going to change in the near term. However, it is notable that these periods are historically short-term, and such spikes are generally near market lows. In other words, the current policy uncertainty will pass, and markets can return to focusing on earnings and valuations. Until then, market rallies will likely be an opportunity to reduce risk.
Regarding earnings and valuations, Wall Street only expects a one-quarter impact from tariffs. As shown, earnings for Q1 are currently expected to come in at $217/share, down from $226.54 one year ago. But, interestingly, Q2 earnings are expected to rise to $223.86, roughly where Q1 estimates started a year ago.
However, in Q3, earnings are expected to drop sharply to just $179/share. If realized, that 20% drop in earnings will be pretty significant. This is particularly problematic for the equity market when assigning forward valuation multiples. For example, assuming the market trades at an 18x multiple of $179 in earnings would pin the market's fair value at 3,222. Such would be a nearly 40% decline from Friday's close.
Following that sharp drop in earnings, analysts at S&P Global expect Q4 earnings to rebound sharply to their previous estimates. That assumption suggests they believe the tariffs to be temporary, and the Trump administration will negotiate "no tariff" deals with our trading partners. While such could be the case, I am not so optimistic.
However, whatever outcome occurs will likely lead to reduced estimates heading into 2026, closer to the long-term linear growth trend. That is what the rise in yield spreads suggests as the economy slows and inflation falls. That is barring the expansion of the current bond market crisis into a more significant credit-related event that begins to impact the major banks.
This uncertainty, in both policy and markets, is why we are cutting risk for now.
We Cut Risk For Now
As discussed in last week's post, "Hope In The Fear," the weekly "sell signal" was triggered.
"The chart below is a long-term weekly analysis of the relative strength (RSI) and momentum (MACD) indicators. I have denoted when the indicators are trading in bullish and bearish trends. The primary signal is the crossover of the weekly moving averages, as noted by the vertical lines. While the MACD and RSI indicators provided early warning signals, the moving average crossover confirmed a market correction or consolidation. These indicators will not necessarily cause a risk reduction precisely at the top. However, they generally provide sufficient indications to reduce risk ahead of more significant market corrections and consolidations."
"Conversely, they also offered signals when investors should increase market equity risk. These signals were instrumental in avoiding the 2008 market crash and the 2022 correction. Currently, the RSI is crossing below 50, which may suggest a continued correction process with the MACD beginning to revert. However, the moving average crossover has not yet confirmed the RSI and MACD messages."
Currently, both the market and the increase in yield spreads warn investors of elevated market risk that could induce further market declines and increased volatility. While such does not preclude a significant counter-trend rally in the short term, the longer-term risks seem to be growing.
As investors, we could undoubtedly ignore the warning signs, and this could be a short-term corrective event like we saw during the 2020 pandemic or the Fed's "taper tantrum" in 2018. The market correction was brief in those instances, and the bull market resumed. However, it is worth noting that during those periods when the "sell signals" were short, the Federal Reserve intervened by cutting rates, increasing monetary accommodation, or both. Currently, as shown in the Fed Liquidity Index, that is not the case.
For these reasons, we began cutting risk on this week's rally. With the market still technically oversold, we will not be surprised to see a continuation of the rally this week. Such would be similar to the reflexive rally we saw immediately following the weekly "sell signal" in 2022. Today, like then, sellers emerged as market concerns remained elevated. I suspect that will be the case this time as market participants continue to reprice markets for slower economic growth and policy changes. Markets rarely bottom without retracing toward the previous lows or setting new lows. Given the technical damage to the market, we suspect we will see a pullback before this correction process is over.
From a more bullish point of view, the valuation reversion will eventually become complete. However, that is likely not in the coming weeks or even the next couple of months.
If the markets rally substantially from current levels, our risk reduction actions will drag on portfolio performance. I am okay with that until I am more confident that the corrective process is behind us and that the benefits of increased equity exposure outweigh the risks to invested capital. Given the warning signs from yield spreads, the weekly "sell signal," and slowing economic growth and inflation, market risk seems tilted against investors temporarily.
For now, we will continue to use rallies to rebalance risk, manage asset allocations, and hold increased cash levels.
Trade accordingly.
The post Yield Spreads Suggest The Risk Isn’t Over Yet appeared first on RIA.
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Site: Real Investment Advice
Recently, we have seen claims that the "collapsing" dollar will cause inflation. While a weaker dollar can create inflation, many factors impact prices. Accordingly, we have two issues with such dire statements. First, the dollar is not collapsing. Second, we have experienced much more significant dollar declines without an inflationary impulse.
The dollar has fallen nearly 10% since the new year. Yes, that is a big move for the dollar. However, context is vital. The graph below shows that the dollar, even after its decline, remains well above its average since the trough in 2008. The green dotted line shows that the dollar is at the lower end of its recent range. But it is still ten percent above the lows of the prior decade (red dotted line).
We circle the period from the dot-com bubble's peak to the financial crisis's worst days. The dollar fell from 120 to nearly 70, much more than the recent sell-off. During that period, CPI averaged 2.9%, compared to 3.1% in the ten years prior. The dollar collapse from 1985 to 1987 was met with lower inflation than the prior period.
A weaker dollar can be inflationary, but much larger forces are at work steering prices!
What To Watch Today
Earnings
Economy
Market Trading Update
Last week, we noted that the market was not expecting retaliation from China.
"Rather than coming to the table to negotiate, China responded with a reciprocal 34% tariff on the U.S. plus export controls on rare earth metals needed for technological production. China is playing "hardball" negotiating tactics with Trump. This was a smart move from a negotiating standpoint by China, allowing President Xi to open tariff discussions from a point of strength. However, without some resolution to the extraordinary tariffs, the market will remain in turmoil for quite some time."
That battle persisted this week as Trump raised tariffs on China to 104%, and China then retaliated with a further tariff increase of 84%. However, as we said last week, any good news would cause the market to rally sharply. On Wednesday, President Trump announced a 90-pause on the full effect of new tariffs. Interestingly, the same headline sent stocks surging on Monday but was quickly deemed "fake news" by the White House. I suspect that Monday was a "leak" by the White House to test the market response, and President Trump kept that announcement handly to stave off a further decline in the markets. Whatever the reason, the markets needed the break. Here is Trump's full statement:
From a technical view, the market completed an expected retracement from the October 2022 lows. Last week, we laid out the potential correction levels.
- The recent lows are around 5500. (That level was violated)
- Immediately below that is the 38.2% retracement level at 5134 (Is being challenged)
- Lastly, the 50% retracement level at 4816 should hold, barring the onset of a fiscal event or recession.
Notably, we stated that:
"The market should be able to find some support at this level and muster a short-term rally next week. However, there is a downside risk to 4816, which would be a 50% retracement of the bull market rally. Any positive announcements over the weekend could spark a relatively robust reversal rally, given the more than three-standard deviation gap between where the market closed and the 50-DMA."
That 38.2% retracement level, using the bull market from October 2022 lows, was broken early Monday morning as stocks plunged lower amid rising tariff concerns and a blowup in the bond market. However, the market finally tested the 50% retracement level on Wednesday morning. Given the deep oversold condition, President Trump's announcement to pause tariffs led to the 3rd largest single-day rally since WWII. For now, the market should be able to hold support at the previous lows and hopefully find a bit more relief into next week.
As I noted in the previous two weeks, we strongly lean toward the potential of the markets beginning a more extensive corrective process, much like in 2022. We will revisit that analysis in this weekend's newsletter. However, while we are concerned about a continued correction process as markets realign prices to forward earnings expectations, there will still be strong intermittent rallies. As noted last week, nothing in the market is guaranteed. Therefore, we continue managing risk accordingly, and as we stated last week and executed on Wednesday, we are now in "sell the rally" mode until the markets find equilibrium. When that will be, we are uncertain, so we continue to watch the technicals, make small moves within portfolios, and reduce volatility risk as needed.
The Week Ahead And PPI
PPI was much weaker than expected. The headline figure was -0.4 % versus expectations of +0.2%. Moreover, the core number was -0.1 %, 0.4% less than expectations. The data within PPI that feeds PCE prices also point to a weaker PCE report later this month.
Retail sales data on Wednesday, Fed speakers, and earnings will be interesting, but tariff discussions and volatile market activity will likely dominate the headlines. Retail sales could be strong if consumers started to stockpile goods in March. Yet, they could also be weak if consumers start to pull back on spending as recession fears increase. Regarding the Fed, we are listening closely for signs that liquidity is becoming problematic. Accordingly, will they offer any prescription ideas to potentially increase liquidity?
As shown below, courtesy of Earnings Whispers, there are a few big earnings announcements, but the following week will pick up significantly.
The markets will not be open on Friday for the Good Friday holiday.
The Consumer Is Tapping Out
The recent implementation of tariffs has the media buzzing about increased recession odds as the consumer faces potentially higher costs. While recent economic reports, like the latest employment report, still show robust growth, those data points run with a lag that hasn’t yet caught up with reality.
As we have discussed, the American consumer is the backbone of the U.S. economy and comprises nearly 70% of the GDP calculation. While GDP surged following the economic shutdown due to the massive flood of stimulus that fueled a savings surge, consumption as a percent of the economy has remained flat since the turn of the century. The reason is that despite the surge in savings, the consumer was also faced with rising inflation, which left them struggling to make ends meet.
This dilemma is better illustrated by the chart below. The blue line is the personal savings rate, and the red line shows the debt needed annually to bridge the gap between the inflation-adjusted cost of living and savings and incomes. As shown, at the turn of the century, the consumer was no longer able to fund their living standard through just income and savings. The fact that consumers were forced to take on increasing debt levels to maintain their living standards explains why consumption as a percent of GDP has remained stagnant over the same period.
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The post The Dollar And Inflation: Don’t Believe The Hype appeared first on RIA.
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Site: southern orders
I copy this from a Facebook site:At Augusta National, tradition reigns supreme—and that means leaving your phone behind. The Masters enforces a strict no-cellphone policy, creating a rare escape from the digital world for attendees. This rule encourages face-to-face interactions and full immersion in the event.  
Instead of selfies and live tweets, patrons experience the tournament through their own eyes, engaging more deeply with the game and fellow fans. As Swedish golfer Ludvig Åberg notes, the absence of mobile devices leads to more eye contact and attentiveness from fans, which he finds particularly rewarding. 
For those needing to make a call, Augusta National provides banks of public telephones—a nostalgic nod to simpler times. These phones allow patrons to connect with the outside world, often surprising recipients with a call from “Augusta National Golf Club.” 
In an era dominated by screens, The Masters offers a refreshing return to presence and tradition. It’s not just about watching golf; it’s about experiencing it fully, without digital distractions.  
#TheMasters #TraditionUnplugged #AugustaNational #RatedRed
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Site: Mises InstituteIf “consent” is said to be meaningless due to its supposed tampering by capitalist forces, the same logic could be applied to “rebellion,” with the only difference being that it now comes from the left.
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Site: Public Discourse
Modern politics is overburdened with rights. With a flawed understanding of human nature’s relationality, rights discourse turns us inward away from others. One’s relationship with other persons and communities is centered around an obsession with mine. Too many, according to Pope Benedict XVI, are “concerned only with their rights, and they often have great difficulty in taking responsibility for their own and other people’s integral development.” Ever deepening our concern with rights, the modern person “closes in on himself”—losing track of the fundamental relationality between self and other, between us and them. We need to recall that “rights presuppose duties, if they are not to become mere license.” We need the necessary grasp of their interrelationship—but also, as Christians, we need to sincerely prioritize what we, in justice, owe others. The name for what we owe is caritas. Caritas is shaped by the need of others and our capacity to give. It is only within this context that we can understand a Christian approach to immigration—one that requires getting the emphasis right between rights and duties, while understanding that giving the love that is owed to the stranger does not detract from our common good, but rather enriches it because it integrates the stranger into our community.
What Feser Gets Right
Edward Feser in his recent Public Discourse essay offers a robust account of the rights of a country to secure its borders and to have and enforce immigration laws. His essay is an important reminder of the need for balance in understanding the question of immigration. The political community is a real expression of the fundamental sociality of the human person. We ought to love the us that we are part of. We rightly prioritize our own communities, and we have a legitimate role in determining who can join this community and how. It is because of this reality that a nation has a right to its borders and “governments have the right to prevent illegal immigration.”
To show this, Feser quotes several passages from the Church’s magisterium and places in boldface the parts that emphasize the right to territorial integrity. He is right to emphasize this right. Those who advocate “a virtually ‘open borders’ position in the name of Catholicism” should indeed read Feser’s article, because such positions are incompatible with a Catholic stance. Countries have a legitimate right to regulate the who, how, and how many of immigration.
But quite a lot depends on what one emphasizes. Feser emphasizes that countries have the right to manage immigration, but forgoes much emphasis on the duty to welcome migrants. For him, balancing between these two realities is simply a matter of opinion. Immigration is something about which “Catholics of good will can reasonably disagree.” For Feser, the question of immigration is fundamentally a prudential matter; those arguing for the exclusion of the oppressed, suffering, and impoverished are merely reminding us that America has rights too. But this misses a great deal of the point of Catholic moral teaching and what ideas we should be putting in bold. Feser may be using boldface to remind those who have allegedly forgotten the Church’s moral teaching, yet this is still emblematic of a misreading of Catholic teaching that turns clear moral teaching into optional counsels.
Those who seek to turn away migrants consistently emphasize our rights such that what is mine shapes my relationship with others. All that seems to matter is our borders and our rights. Feser writes that “John Paul II, like Pope Francis and the Church’s bishops more generally, have nevertheless put special emphasis on welcoming migrants. But everybody already knows that.” Does everyone know this? Do we make it the special—dare I say preferential—emphasis of our approach to migrants and refugees? When we balance welcome for migrants and our rights to our borders, we need to get that special emphasis on our duty to the stranger right. The fundamental problem with Feser’s argument is that he acknowledges no special emphasis duty to the needy stranger, and instead especially emphasizes only our rights.
Scriptural Emphasis
The Church’s understanding of the treatment of the xenos, the stranger or foreigner, goes back to the Exodus understanding of the people of God. The alien who resides with you should be treated “no differently than the native born among you; have the same love for him as for yourself; for you too were once aliens in the land of Egypt” (Leviticus 19:34). Furthermore, we must store up our goods to share with “the foreigners, the fatherless and the widows in your towns so they may come and eat and be satisfied” (Deuteronomy 14:29). For Ezekiel, the promised Land is to be allotted among the Tribes of Israel “and for the foreigners residing among you,” who are to be treated “as native-born Israelites” (47:22). As a result, less money and land might be distributed to those in the nation as resources are distributed to others.
Christianity continues this tradition, especially in Christ’s teaching that “I was a foreigner [xenos] and you invited me in” (Matthew 25:34). For Pope Pius XII, Christ’s self-identity as a foreigner is grounded in his family’s having been refugees. The Holy Family is “the archetype of every refugee family;” they are “protectors of every migrant, alien, and refugee of whatever kind.” Considering our refugee God, St. Paul tells the faithful to live out philoxenia—a brotherly love, for foreigners to whom we owe hospitality (Romans 12:13). Augustine—in the context of his understanding of the Church as a city of foreigners or migrants (civitate peregrinus)—explains why the Apostles did not recognize the Resurrected Christ on the road to Emmaus: “He became a foreigner (hospes).” For Augustine, the lesson to be taken from Christ’s identification with the foreigner is the obligation to welcome them in from the outside. “Learn to welcome foreigners (hospites), and there you can recognize Christ.” Our hospitality to the stranger is our hospitality to Christ.
The whole emphasis is on welcoming and giving to the foreigner. These passages lack bold-able words that say that we should welcome the stranger only if we are able, or that we should only distribute to the foreigner if it does not decrease what is owed to our own, or that philoxenia should be less than our love for our fellow citizens. Instead, these central texts only highlight gift, duty, and caritas to the stranger.
The Emphasis in Catholic Social Thought
We should also turn to Catholic Social Thought to see how it structures its emphasis. For Pius XII, we are to welcome migrants, aliens, and refugees of any kind who come to our country “whether compelled by fear of persecution [refugees] or by want [immigrants].” Because of this, he wrote to the American bishops about U.S. regulation of migration (just as Pope Francis did). Pius told them that “the natural law itself, no less than devotion to humanity, urges that ways of migration be opened to these people.” Considering this, we must understand that “the sovereignty of the State, although it must be respected, cannot be exaggerated to the point that access to the land is denied to needy and decent people.” Pius XII admonished Americans that the right of the nation must not be exaggerated in the face of outsiders’ needs. Thus he told American senators that they should “administer as liberally as possible” the American immigration laws that he thought were “overly restrictive.”
Pius XII does hold that there is a limiting principle to this, in that “the public wealth, considered very carefully, does not forbid” aiding the foreigner. But the burden of proof lies on those who would restrict, because the emphasis is the need of the stranger. The fundamental aim must be helping the needy whose way of migration should not be restricted unless a very careful consideration identifies harm in that migration for the public good. There is a right to territorial integrity, to determining the process for managing immigration, and to an order of love that prioritizes our citizens. But more importantly, there is a duty to refugees fleeing oppression and to migrants suffering from want. This duty corresponds, for Pius XII, with the “natural rights of people to migrate.” If grounded in sincere need, this right mitigates—sometimes completely—the wrongdoing of illegally immigrating just as such need can mean that it is lawful to take “the property of another.”
Our personal and political lives should center on caritas “given and received,” as duty and right. This is the problem with Feser’s reading of Catholic Social Thought. We get truth in his essay, but what is needed is “caritas in veritate in re sociali.” To write about how we ought to treat migrants and emphasize our rights while neglecting the emphasis of Scripture, and deemphasizing what Catholic Social Thought emphasizes, is to lose that intimate connection of love in truth. When one speaks of the truth of one’s rights and speaks less, or not at all, of the truth that we owe our caritas to the needy migrant as an act of justice, one forgets caritas and thus does not fully get to the veritas. Neglecting caritas transforms the ordo amoris from a principle that expands our loves and broadens our duties to those outside our order to a principle that reminds us only of our own rights and prioritizes borders over persons.
More than Just Rights and Prudence
For Pope Leo the Great—known for his welcome of refugees into Rome—since God is love, “charity should know no limit, for God cannot be confined.” Our caritas cannot be limited to what is our own; while it must include that, it must also extend beyond it. Importantly, love of others and prioritization of the common good is not a zero-sum game. Solidarity with others and the common good itself constitute expansive principles. The common good grows in our sharing it. As Pope St. Leo teaches, “In all this activity, there is present the hand of Him who multiplies the bread by breaking it, and increases it by giving it away.” This is a claim grounded not only in metaphysics and theology, but also in the way economics works—especially in a market economy. When we welcome strangers, we not only benefit them, but we also benefit ourselves. This is the whole history of the United States. Our country’s greatness and public wealth have always been elevated and expanded by the arrival of migrants.
I am the grandchild of immigrants, the husband of a daughter of immigrants, the neighbor of immigrants, in a nation of immigrants. Patriotism welcomes others into the good that is this nation because we love that good. Such love does not only insist on its rights, but also insists on sharing this good. John Paul II writes (quoted by Feser) that “patriotism is a love for everything to do with our native land.” One of those things that has to do with any native land, but especially this native land, is philoxenia toward those here and at our borders. Real love communicates itself and so welcomes others into our native land in a way that benefits our common good. For those who fear that an expansive welcome to migrants will hurt our country, they can be assured by both economic research and by America’s history of integrating immigrants from every country.
Integration involves all kinds of prudential approaches to this question, including robust foreign aid to make it easier for people to stay in their native land, comprehensive immigration reform, and a due process approach to deporting criminals. Feser’s reminder of the validity of immigration laws is a service to making this possible. But we need more than just rights, and more than just prudence. Rights must be united to duties, prudence must be at the service of caritas in veritate, and caritas must be at the service of both the native citizen and the needy stranger if we are going to get the emphasis right.
Image by sherryvsmith and licensed via Adobe Stock.
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