First, a review of My 2 Cents. It was not too bad afterall. Norway explosion, China's train accident (not unusual in a large country but the controversies and public outcry following this makes it an event of signficance) and then my own fever - all make up for my warnings in the first edition.
This week - it's more of financial astrology. It's now common knowledge that US is struggling to get a debt ceiling passed by the congress and the geo-political aka financial ramifications of any failure to increase the ceiling or come up with a credible spending-cut plan is likely to be a field-event for rating agencies.
What actually is the US chart looking like? Leaving aside short term transit impacts arising out of fast moving planets like Moon, Mercury, Sun and Venus, the impact of Saturn on the natal chart of Washington DC is probably of concern. Matters concerning finance and external relations are under strain. These transitory impacts could be felt well into the Summer of 2011 and therefore August is not the best of months for US financial markets. Saturn's impact could also be felt in labour intensive areas like oil and coal fields. Oil prices could continue to remain volatile before crashing out.
Arising out of the above, we could see similar impact in far eastern markets. The new development on the indo-pak relations (elusive thaw!!) could well fade as another false start. The bi-weekly period until August 22 could mark a low in indian financial markets.
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