Sunday, 30 May 2010

Bordering on conflict- May 2010 political risks update

Economics is one thing. Writing about controversial political situations is another. An update on my three key risk areas is in order, but I will be brief and circumspect.

India and Pakistan
My view of Pakistan has been relatively correct. My original prediction was for continued internal problems, but little cross border open dispute.
But I was mistaken about the Indian internal political situation in the first half of 2010. The government is intact. However The Maoists, who apparently do seek to overthrow the Indian government, have stepped up attacks recently. In April, they killed 76 security personnel in Chhattisgarh state. Although they deny yesterdays train disaster, it is clear that what has happened is in line with the Uranus transit etc discussed.
I have nothing to add to that at this stage.

Israel and Iran

Always sensitive, I tread on eggshells when I write about these two. However there is little concrete to say. Iran, after its internal issues last year, has been in the background recently, though there have been pushes for more sanctions during this spring.

The chart for the summer seems relatively quiet though. September looks a bit more unsettled. Still one can’t be sure how wide the orbs might be on this one and Mars could trigger events in late June – 1st July or in early August.

Israel’s immediate issues continue to be with Palestine. But it has been stepping up its capacity to fight externally. "This capability can be used for a war on terror in Gaza, for a war in the face of rockets from Lebanon, for war on the conventional Syrian army, and also for war on a peripheral state like Iran," said a Israel spokesman. It does seem to be itching for action. But even Israel has less in its chart in the early cardinals than in the later mutables so we could see very little action even from them for a few months. Although one can’t totally ignore the dates mentioned above, given that the two have survived much worse transits by keeping to rhetoric rather than guns, I am hopeful that we don’t have problems here yet.

North Korea and S Korea
I considered NK in isolation before and only looked at SK’s economy. I did however spot the potential for political conflict in the SK chart.

‘By April the picture evolves a little: Saturn and Uranus make an opposition across the progressed ASc/Des axis and square the progressed MC. Uranus was square this point when NK separated so its an important point for the nation politically’

But in my NK analysis, I was much clearer, I wrote ‘In April there is a suggestion that there will be a slight show of military force- Jupiter opposes the Sun and Squares progressed Mars, picking up that Pluto and Sun too, and with Saturn once again square the Ascendant axis there is controlled tension within and outside’.

I should have noted the connection between the two remarks!

While I completely believe NK capable of the act, I don’t understand why the existence of a missile that they sell to other countries is evidence of NK direct culpability. Clearly I have no understanding of such subtleties. China hasn’t actually accused them, I find that interesting too.

However my reticence aside, further, under NK, I wrote:
‘The cardinal square over the summer of 2010 picks up first the country’s Saturn and then the Uranus/ascendant. This is a very unstable time- when there could be significant aggression by or against NK. ……………….’ Unfortunately, this still holds.


SK have MC at 29 PI, Prog MC at 29 GE, Prog Asc at 29 VI. Uranus has gone over this point but Jupiter is here and Saturn has yet to cross the point. Pluto opposes its Pluto and will be picked up by the coming June 26 eclipse. Neptune hangs around the SK Uranus, amassing force perhaps?.

I doesn’t really help to be right does it? I hope nothing further develops but it doesn’t look too good.


May 2010 review continued - Asian economies


Now lets move on to Asia – Pacific. We’ll keep the political issues for the next post, but we’ll see whether we need to update our economic forecasts.

Let’s start with the oldie. Japan.

I predicted a change from around February and it does appear to have happened. It was announced that Japan's exports jumped 40 percent in April, rising for a fifth straight month, due to overseas demand for cars and high-tech goods .But retail sales have fallen and Japanese consumers are suffering more than ever. Despite the high level of government debt, however, 95% of government bonds are held domestically making it less vulnerable to the sort of problems Greece encountered.

I suggested that people may be especially restless in May, when Jupiter and Uranus squares the natal moon and there may be political resistance to change y with Saturn square the Moon. There has been dissent and departure by groups within the coalition regarding a US military base and tens of thousands of locals are alleged to have gathered in protest in the last month However I though the people would be much more unsettled due to the economic situation- I suppose it is not the Japanese culture to protest.

What about the summer? Japan has Jupiter at 0 Capricorn, and progressed Mercury at 1 degree. However it gets support from Mercury in Pisces and progressed Neptune in Gemini. It seems that the mixed themes will continue. It doesn’t look like there is too much of a trend here.

The yen chart has progressed Sun and Venus in early Libra and progressed Saturn at 3 Capricorn. So the Saturn/Pluto square has already touched it, and this led to a change of direction for the currency at the end of 2009, yet overall the chart has been positive - it also has prog Uranus at 0 Leo. My expectation the May critical time for currencies was born out by the Euro. Yet, as I suspected despite the anticipated fluctuations, the yen remains stronger than at 1 January vs even the dollar – Uranus was trine the progressed Mars. I don’t expect much trend change in the next few months – though there might be some sudden movements.

The Nikkei has followed the other markets, rising then falling in 2010- it is now 10% below its January level. My predictions were fine for the first 4 months but have gone seriously awry in May. Why? Well I could blame a Uranus square ( Uranus being allegedly about the unexpected), but I don’t subscribe to the view that it can’t be predicted. I am more inclined to blame the fact that I completely failed to mention/notice the square between the natal Saturn and progessed Asc in place from the end of 2009 and Neptune creeping close to a square to them (Of course Neptune is always involved when I make mistakes!). However transiting Saturn will stabilise this in the next 2 months. So I do see some positives in the next months though perhaps not as much as I originally anticipated.

China
Japan was the most difficult of the Asian charts. China is much easier.

The Renminbi has been interesting – with talk of revaluation ( it never got as far as I expected to real revaluation) turning to reverse in a flash after the Euro troubles at right on track for the Uranus square ( yes, you see, Uranus is predictable!). Where is it going now? I still expect change in the rate with Mars/Juputer at 3 Cap right under the cross. That Pluto trine the Renminbi Saturn will be picked up by the prog Moon by the end of June –Surely the dollar/Renminbi can’t resist that? Maybe – the critical degree is 5 not 4.

With the peg in place the currency doesn’t not necessarily follow the country. China has continued its growth so much so that regulation on house prices has been introduced. Elsewhere, the Foxcomm suicides have hit the news but must be put in context of company specifics in a country of 5billion people.
However analysis suggests that the latest generation of migrants are finding the challenges tougher and there is growing anger at the perception that much personal wealth is the fruit of corruption, not hard work. Research suggests Chinese people have faith in their ability to improve their own lives often surpassing respondents in capitalist countries, including the US, but this very optimism can lead to disillusionment. This seems to reflect well the difficulty presented by Neptune square the MC- and the Chinese attempt to shut down media reports internally confirms my original expectations.
Although we have the square across the country’s Uranus at 4 Cancer, the natal Moon and Jupiter in Aquarius may be moderating the effect of the Jupiter/Uranus/ Saturn opposition. As I have said, China is sensitive to Uranus in the early degrees of the cardinal signs so I expect events to accelerate from around the June 26 eclipse onwards. As I say, a few suicides is hardly the stuff of China’s past experience with Uranus, so perhaps there are other issues to come. The apparent moderating influence may turn out to be a catalyst. The trouble is, if China are successful with moderating media coverage, I might never know.

The Shanghai composite after an early positive start to the year, has fallen from 3200 to 2600, mostly in the last few weeks: the regulatory intervention I expected, the trend in May I got wrong again. I am attributing this to Neptune again, square the index’s Mars. However I am still concluding that the market will rise again over the July- August period. Interestingly, this suggests more risk appetite which seems to discount the possibility of generalised financial problems elsewhere

Hong Kong
I have no comments to make about the HK$, other than to say I still suspect changes in the coming few years. Note September’s natal Mercury retrograde for this one

The Hang Seng has fallen from 22k to 19.5k since January, most recently over the last 6 weeks – as the progressed Moon has interacted with Pluto at 4 degrees Capricorn. That moment is gone, but the HS has Mars at 0 Cancer. However , Saturn in early Pisces is supportive but a prog MC at 1 Scorpio is less helpful ( quincunx Uranus and Jupiter). I’ll stick with my forecast of this being a bottom though whether the upturn is now or Autumn, I’m not sure.

India

The country’s industries are booming (compared with the Western ones) But there are problems. Having recovered from a hard year last year, hit by the global recession and last year's poor rains which ravaged farms and hit growth, food price inflation is 16% and they are waiting for this year’s rains. The inflation must be the impact of the Neptune progressed Asc. I suspect they will get the Monsoon now as Saturn goes direct and moves away from its opposition to Neptune and that progressed Asc and its square to the prog. MC.

I am less clear about the impact of Jupiter Uranus square the progressed MC this month. There has, in a way, been a question over the impact of Euro/UK focus derived from the expansion of the last few decades – with the depreciating Euro and sterling challenging the outsourcing industries. But there has been no impact on leadership or government though, despite my expectations. It is difficult to unravel conflicting signs – in this case a square to the Prog MC offset by a trine to the natal one.

I still see little action in the early cardinal degrees. Rather I am not now looking at the recent conjunction with Neptune and the prog Asc. opposed by Saturn and picking up the MCs as representing the start of a new long term cycle focussed on internal consumption rather than exports. There is planned investment in healthcare, infrastructure and skills as well as food guarantees for the poor.

The Sensex
index has fluctuated by about 10% in 2010, with lows in February and May, and highs in early January and early April. It really has just followed the global market trends so far. And overall shows little direction. I originally said that lack of trend would continue over the summer and don’t see reason to change my assessment now.


Australia
I really don’t have any thing to add to my earlier Australia forecast. A number of rate rises have fulfilled the Saturn square Neptune, Neptune trine Neptune configurations. Australians are less optimistic which given the ongoing growth in the economy is presumably what the rate rises were introduced to do.

The Aussie dollar has weakened vs the US$ dollar, but that is again more a reflection of the dollar strength.

Indonesia
After a relatively good 2009, GDP growth is forecast to rise to 5.5 percent in 2010. For the full year, exports are forecast to rise by about 11 percent, based on the forecast increase in world trade and firm prices for commodity exports.

So far Indonesia has been doing ok this year. And the Rupiah has kept up with the dollar, more or less. But I expected the Indonesian economy to be affected by the upcoming squares, with prog Venus and Neptune in early Libra. Still, there is one thing I missed before, the Moon in early Sag suggests that the people still aren’t too affected. We’ll see, I’ll stick with some difficulties in the coming 3-4 months but I could be wrong and the country could continue to shine.

S Korea
With an MC and progressed Asc at 29 of the mutables, Korea has been a bit in the news in the last couple of weeks ( as transiting Uranus did its work) but this is about economics – we’ll do international relations problems elsewhere.

Growth Is expected to be more than originally forecast . Things have been going well economically this year and the Won has not moved significantly vs the dollar ( and I have done little work to merit a forecast of it).

I mentioned engineering advances and it appears that ‘ Korea’s profile as a peaceful nuclear power has risen with the announcement of a deal for its first ever export of a nuclear power plant—to the United Arab Emirates. Since that announcement, Korea has reached an agreement to build a research reactor for Jordan and hopes to win a contract to build a reactor in Turkey as well’

And it also appears that SK is currently in talks with China and Japan about economic free trade area.

I shouldn’t laugh but I wrote ‘Technical problems might surface and apparent breakthroughs turn out to have side effect’. Unfortunately news comes this week, as Uranus and Jupiter transit the MC, of a couple charged for starving their child due to an internet addiction :SK is the world leader digitally and apparently internet addiction is becoming a big problem.

The good old cardinal cross picks up SKs Venus at 2 Aries as well as Pluto at 4 Cancer (and Jupiter at 5). It also activates a square between progressed Uranus ( 1 PI) and Mars (3GE). More news on all fronts should continue.

May 2010 Review continued - The Americas - ex USA



I’ve reviewed the current situation in these countries and actually there is really not that much to say, that I haven’t already dealt with. However, in the interests of completeness I short summary is in order, and it does give me a chance to add a few comments:

Mexico
I recall that I found Mexico a little hard to read when I wrote it 18 mths ago. My issue was how the transit of Pluto to Neptune would play out. I am never sure about outer planet transits to each other without other triggers and this was a bit of a test.

What it seems to have represented is the ongoing drugs violence and attempts to eradicate it. I perhaps did not pay enough attention to the country’s Mars at 0 Leo in quincunx to its Neptune. But, as the drugs issues had only limited relationship to the global economic situation Mexico has actually been doing not too badly this year ( last year it had to recover from global economic shock of 2008 and flu). With many favourable Jupiter transits at the moment growth for the quarter has been reported at over 4%.

The Peso has also performed better than last year. A low vs dollar in May ( knock on effect of Euro shivers) was not as low as February and of course the dollar has risen a lot this year.

Nothing coming up in the next few months suggests much change from the current pattern.

Argentina
How can I be objective? I have Moon conjunct the Argentinean Jupiter and vice versa. Just as well then that I can report they have been having fun this week with their 200 year celebrations.

The Peso has weakened vs the dollar ( from 3.7-3.9)– mainly since mid April when the bond reconstruction was announced ( but equally probably as a result of Euro). However like the Mexican Peso the impact is not great given the dollars gains. It could continue tricky for a month or so, but after that not much change expected here either over the summer (their winter)

The universe decided to remind me of its never abating sense of humour at this point. I realised that, quite unconciously I had popped across the road and bought myself an empanada de carne for lunch!

Venezuela
It is difficult to tell what really happens in Venezuela at grass roots level. The Chavez spin machine tends to obscure both good and bad. However from what I can find the country has been suffering from the effect of last years power outages ( with its progressed Asc conjoining its Uranus), It is also in need of rain ( Saturn has been stationed close to its Neptune). However there is nothing to suggest that the situation will get any worse as, as I said before, the country is relatively unaffected by the July cardinal cross.

The Bolivar, (a currency born with Uranus/Jupiter which is now without orb of opposition to its progressed Saturn) has been suffering a split personality disorder with 2 rates. Chavez has now banned trading in bonds. Neptune continuing to square its progressed Sun Mars suggests continuing erosion (and a tendency to perform worse than the others in this report) but, again, not any affects from the cardinal cross.

Brazil
My failure in 2009, Brazil seems destined to flummox me. Booming at 6.5% growth, it seems not to care that it has Pluto at 0 Aries, Neptune at 2 Capricorn and Uranus at 3 Capricorn. Perhaps I have underestimated the benefits of its Asc at 0 Pisces and Mars at 3 Scorpio which must have been considerably supported by the Pluto in the square.

On this basis we would expect the positives to continue then . The country also has Jupiter and its IC at 0 Gemini (& thus MC at 0 Sag), which will be aspected by sextile and trine by Uranus Jupiter and Saturn.

Still Uranus conjoining Pluto can’t be that great- perhaps the problem is the political backlash from the Turkey Iran deal it has been brokering.

Its all a bit difficult to unpick and frankly I am not sure I get it at all!

My Brazilian Real forecast for 2009 was much better than the country one and continues to be ok for this year. My suggestion of a turning point around April/May was born out by the announcement of interest rate rises on 28th April. A decline from 1.70 to 1.85 vs dollar followed,( until then the Real had recovered nearly all ground lost in Sept/Oct 2008), though once again the European effect cannot be ignored in this direction. The fundamentals still look strong – with the cardinal cross making almost only favourable aspects to the chart.

Canada
It seems like an anomaly to throw Canada in with Latin America, but actually the charts and the evidence suggest that it is trending the same way ( just from a more stable start). Despite losing some ground vs the dollar in May ( along with most other currencies), the Canadian dollar has still strengthened this year and regained ground lost in late 2008. It is still close to parity

The country is expected to show growth of 3x the average of the G7 for the period and both it and its currency look to continue to be ok for the next few months.

BP - A corporate chart analysis


I don’t usually do retrospectives, but I thought a little investigation of this was in order.

We are talking about a company that has its progressed Saturn stationed on its natal IC and close to its Sun. Much is expected and responsibility can’t be shirked with that. However could we have predicted just what this would bring and when?

There are lots of astrological analyses of the BP spill, but I just wanted to look at a chart that I haven’t seen considered. BP was obviously incorporated in England. And the spill took place at a drilling point offshore in the Mexican gulf. The trouble with using the gulf chart is that one only sees it in retrospect. I was wondering whether the company chart could tell the story too. But rather than use the UK chart I though I would relocate the chart to Houston (after all oil and Houston are pretty much interchangeable in the US). The chart is stunning even before applying transits, so I checked: BP US HQ is indeed in Houston.

Here is the chart. We see that Neptune conjoins the MC in the Houston relocated chart. It also squares the Asc. Mercury and Saturn sit on the descendant. Where oil is transformed into money we have a potential problem. BP only bought Amoco in 1998, so transits prior to that weren’t a direct problem. Frankly though its not a good chart and so it proves.


The tri-wheel is set for the leak day. We have progressed Sun trining progressed Mars, both at zero degrees (Leo and Aries) it’s great for oil drilling; we’ll get plenty ….. But the Progressed MC is squaring natal Uranus in these months – we are in for a big surprise. With the South Node on the MC things can only go backwards. The transiting Sun reaches 0 Taurus. Boom. (Chiron is at 0 Pisces too). Pluto is situated on the progressed Ascendant trine Jupiter. Oil is literally gushing out. Uranus sextile the natal Moon, Jupiter quincunxes the progressed MC to make it all much more public. Progressed Moon also highlights the Asc that month opposing Mercury and Saturn. BP becomes Biggest polluter. Oh dear.

So the conclusion is that a chart for BP in Houston would have been enough to predict some difficulties.

A month later, and Jupiter/Uranus sits on the progressed Mars at 0 Aries. Oh, well (no pun intended), once Saturn gets to 0 Libra it should be under control…

Much ado about everything -April May 2010 Euro US update


Once again, it has been a long time between posts. Although I admit to a continued element of procrastination, the main reason has been lack of anything to say.

‘What?’ I hear you explain. Haven’t we had a host of unprecedented events? Volcanic ash, leaking oil, Goldman Sachs legal cases, UK coalitions, a Euro crisis, a flash crash in the US market, Thai protests, the Koreas getting angsty, supersonic jets breaking the speed record, and man creating life. A typical six weeks then, really.

True, it has been busy, but remember; I have been focussing on longer term trends, not the talk of the week. I would need to clone myself 1000 times to achieve such a broad spread across countries together with, for instance, the detail needed to predict a market crash that lasted all of 20 minutes. On the other hand, it could be argued that we’ve got the effects of the cardinal cross over early and it is all plain sailing from here. I am not entirely convinced of this, but when I read of the fact that the US considers the BP spill to be its worst ever environmental disaster, I have to admit that this does fit the symbolism sufficiently.

I’m going to have a quick look at this disaster in my next post but here, nevertheless, with Uranus arriving in Aries, I do think it is time for an update on the cardinal cross of this summer. And I am starting with the USA, UK and Europe

What amazed me as I read through my earlier forecasts in parallel with another look at the relevant charts, was how little I felt I wanted to change.

In the UK, the expectation of public disruption over this summer is perfectly in line with the proposed government budget cuts. There is still a focus on the Bank of England chart with its Mars at 0 Libra, so Sterling must still be vulnerable. Despite the flash crashes and market uncertainty I still see no clear direction for the stock market over the summer ( though the FTSE 100 looks more problematic than the wider market with progressed Venus Jupiter and Neptune at 1 degree Capricorn).

So what about the poor unloved Euro and its countries? Well, Greece’s debt problems certainly confirmed my suspicions by resurging like killer zombies in a horror movie. I was certainly very wrong in April 2008 when I thought that dollar problems would beta Euro ones, even if my 2009 reassessment overturned that. The Euro has now fallen from 1.50 dollars at the end of the year to around 1.23. As I said in the relevant posts the Euro chart angles are right on the cardinal cross. These issues aren’t going away for a few months. I expect the lunar eclipse around 26 June (at 4 degrees with Pluto) and the period of July and August to continue to be disruptive.

Looking at the individual countries , I again can’t see a reason to change my expectations.


France is on schedule and in character, threatening to leave EU and with its usual strikes but really its been relatively stable throughout– The country has an MC at 1 Aries and Sun at 29 Virgo. But it also has a conjunction between Jupiter and Neptune around 0 Scorpio opposite Saturn. In the end, it will calm down again.

Germany, however, has Saturn at 2 Capricorn and Mars at 0 Libra. Unlike France’s demonstrations, German dissent is likely to be less visible but more powerful. Perhaps the aspect is already operating in the enforced austerity of the Mediterranean countries, but I still wonder about its internal effects.

As I expected, Spain despite its construction industry problems and unemployment,has beeen benefiting from its South American connection. And only in May did it get its first bit of excitement, voting for austerity measures (just), and having to help some banks. With only Pluto at 1 Libra affected by the cross, it is still somehow culturally able to deal with obstacles. Perhaps the key is having is Pluto at the same degree as the German and Bank of England Mars’. Ouch, yes, but not for Spain, which is blithely continuing with the help of its Neptune/Uranus conjunction and progressed Mars at 0 Sag.

Italy, with its MC at 29 Virgo has also gone down the austerity route this week with public sector wage freezes and retirement date increases- amid the obligatory complaints. Although the
government seems to be surviving ok. Sadly with Neptune at 1 Aries, on its IC one never really knows what is happening in Italy. I still have my biggest doubts about it, especially in the longer term.

Ireland, who bit the bullet with cuts before anyone, however, has some of the hardest aspects of all of them to come this summer. Uranus at 0 Cancer, Moon at 1 Cap, and an MC at 4 Libra. There are a lot of supporting trines etc, though, including its Jupiter at 0 Aquarius, so expect survival but not after protests. None of these countries need a summer of hot evenings with people loitering on the streets, trust me.!!

So going back to the Euro, what do I think about its survival? That depends not just on Europe but on the US.

So I wrote 2 years ago about this time “ I am not sure the US is ready for all out civil disruption, but it is likely that there will be pockets of it at this time- strikes, trade restrictions, shortages, and in some cases riots may ensue. Unless, there is some natural disaster which unites the nation – presumably with these planets in place earthquakes can’t be ruled out, or perhaps a hurricane hitting the major cities. Note that these are not a prediction – merely possible manifestations of the transits. Considerably more work would be required to identify what creates the disruption and whether it is internal or external. ……..With Saturn on the US Midheaven military intervention is possible- either to keep order or for clear-up”

Turns out we have an oil spill disaster to unite the US against BP and we certainly have the need for clear up (the military announced it was joining it on 28th April, but there are numerous other agencies involved too). Let’s hope that, however bad the spill is, it is the end of the transits to the US chart. But that can’t be guaranteed. Indeed, arguably, the culprit of this episode isn’t the cardinal cross but Neptune opposing the progressed MC. Either way, the US (Sibly) MC is at 1 Libra ( busy degree, huh?!), and the US Venus and Jupiter are at 3 degree and 5 of Cancer respectively. Things may only be getting started. The Federal reserve has its MC at 0 Aries and its sun at 1 Cancer opposite its Pluto at 0 Capricorn. Clearly Pluto has already been busy activating this, however one can’t help think that there are more debt issues out there to be dealt with in the coming few months.

Looking at the dollar chart, the same degrees contain the progressed Mars and angles. Although ‘printing’ with the helpful Jupiter/Neptune conjunction around 0 Scorpio has deferred much of the problems, its ability to assist is weakening and this summer might be the last gasp of bailing before the US too has to take proper austerity medicine.

So, on balance, my original view that this little crisis was not confined to one currency does not change. The Euro remains challenged but with only its angles hit and no planets; the talk of its demise may be a lot of hot volcanic ash cloud. The US$ appears to have reached the end of its monetary elastic too, despite the spin. The Fed has had one too many challenges .Only global cooperation is going to solve this one. I think the Euro is more vulnerable to speculators, due to the situation of individual countries, but that the US is more vulnerable to a problem with its total debt burden.

It is also worth revisiting the US stock market charts. I expected lots of trade but less clear direction and with the Dow at Feb levels that seems about right. The Nasdaq I expected equivalent uncertainty and I noted that in February the progressed Moon would oppose the progressed MC/Saturn conjunction. Sure enough, this led to a low. The subsequent May lows are not quite as bad and although the cardinal cross will transit the Nasdaq Venus and progressed Mars, there is a supporting trine from Uranus to another of those natal Jupiter/Neptune conjunctions – this time at 2-3 Sag. On balance I can’t change my view that despite some fluctuations and the continued international debt issues that index is not going to collapse.

Its always been my view that the impact on the stock markets would not be as depressive as many thought, and almost all the individual market charts have supported this. The fact that I have been right till now, doesn’t alter the fact that I keep doubting the astrology and continue to be very nervous about the whole financial edifice.

Finally, a brief round up of other European periphery countries:
Iceland
of course continues to be an international source of entertainment. With its Saturn return at 29 Virgo, and the cardinal cross on its Neptune and Asc at 1-2 Libra, and its MC at 3 Cancer, it isn’t finished yet. Maybe those who are waiting for Katla to follow Eyjafjallaj√∂kull won’t be disappointed……Those coming eclipses maybe just what it needs to get going.

All I said about Switzerland was that it would upset others and sure enough it has been the focus of complaints about its intervention in the Swiss Franc/Euro market. I hope it upset a lot of traders.

Russia
is interesting. With Neptune, Uranus and the Moon all around 26 degrees, it is almost done with its big transits. With Pluto trine its Pluto it is on a different track for change. But Pluto does square its Saturn at 4 Aries, so while the summer’s cross only touches it, the eclipse in June is more serious, possibly indicating more violence like that of this week, but less economic events.