Saturday, November 08, 2008 10:28 AM
by
Leslie Hale
Jupiter/Saturn and the Bailout-Part 11
Jupiter and Saturn will be in an exact trine (120 degrees, considered favorable) November 14-16, then again November 20-24 for the final time. This aspect would encourage and promote future financial security in the US and the world via government intervention. While brief, it is considered a positive financial aspect, and during this time we may also see some days of stock market gains, as well. This aspect, while positive, will not in itself guarantee the financial security we seek, but I believe it will guarantee additional Federal money being allocated.
This once in a blue moon aspect originally occurred the first week of September when we first began to hear news of a Bailout of the insurance/banking industry due to bad real estate loans. During the ensuing period Congress debated and finally approved the multi-billion dollar bailout of banks and financial institutions. At that time Mercury was retrograde in Libra (ruling the law) and On September 23, I stated in a blog that the bailout would not be satisfactory and subject to change in the future.
The future is now, and it is being reported today via various news organizations that the US auto industry is in dire shape and seeking a further multi-billion dollar bailouts/loans as well. Today, Saturday, November 8, it is being reported that AIG insurance is also seeking additional money from the Federal Government.
Additionally, President-Elect Obama held his first news conference Friday, November 7. During the conference he promised relief to middle class taxpayers in the form of tax cuts, extended unemployment insurance, and other relief. While he doesn't take office until January 20, we will hear more about his plan during this period, as well, as he struggles to come to grips with the US and World economic situation.
Picture from The Huffington Post