After barely averting a total economic disaster stemming from the unregulated, high-flying economy of yesteryear, the Obama administration has worked non-stop to steer the ship of state back on track. In recent months, we have heard more and more often that the worst is behind us and growth has returned, although always with the caveat that much more remains to be done. While the intractable number of unemployed has remained the most glaring symptom of a continuing malaise, other once-hopeful economic indicators have lately begun to sputter as well.
As the economy begins to stumble back towards recession-level growth, the government has far less room to maneuver than it did at the outset of the downturn. Interest rates are already very low, and the deficit - as a result of earlier dramatic interventions, Bush’s profligate ways, and a weakening tax base - is stratospheric. Whereas once the required response was clear, if painful, now it is muddied up by incompatible requirements: deficit reduction and more stimulus spending.
There are two astrological themes of particular significance that help us understand the dynamics of the present economic situation. One is indicated by strong activity from the planet Saturn which brings a mood of anxiety and concern, usually accompanying the painful confrontation between harsh reality and the results of inattentiveness to the facts on the ground. This often calls for the need for greater discipline and conscientiousness moving forward. Saturn’s dour and exigent demands for care and caution, as well as its tendency to force contraction and tight discipline, have been exacerbated by the square of transiting Pluto to transiting Saturn that runs from November 2009 through most of August 2010.
Both of these planets are also in the midst of long transits in hard aspect to US Venus (3Cancer06), ruler of the 6th house of employment and ruler of the US Midheaven, the indicator of world position and reputation. Saturn has also been crossing the US Midheaven (1Libra53) during much the same period. As a result of this combined transit of Saturn and Pluto, unemployment has remained somewhat impervious to even bold intervention, people’s sense of security has been threatened, and US power in the world seems somewhat diminished. During July and August 2010, this combination will be in full force, with Pluto continuing its opposition to US Venus through much of October.
The other astrological theme of significance when talking about the economy stems from the planet Neptune, which often brings a sense of confusion, self-deception, and disappointment due to unrealized expectations. When Jupiter accompanies Neptune, as it did during a conjunction of these two planets, from May through December 2009, expectations soar. When Saturn impacts the chart while Neptune is also strongly in effect, the result can be tremendous disappointment after a time of unrealistic or self-deceptive hope. Neptune has been conjunct the US Moon (27Aquarius12) since March 2010 and will continue this transit through mid-January 2011. This transit is particularly potent from June through August 2010, just as the final Saturn/Pluto square in aspect to US Venus builds in strength through August 23. It seems likely that July and much of August will bring many indications of a treacherously dangerous economic climate, dashing prior hopes of a significant, though weak, recovery.
The parallel themes of Saturn and Neptune during this critical time may also be seen in the charts of those most associated with economic policy. Just as Saturn makes its final crossing square to President Obama’s Venus (1Cancer47), felt most strongly from July 23 through August 10, it will also make its final conjunction to Secretary of Treasury Tim Geithner’s Mars (1Libra02), its final semisquare to Lawrence Summers Venus/Saturn conjunction (15Scorpio), and its final square Elizabeth Warren’s Sun/Uranus conjunction (00Cancer). Indeed, July and early August look quite stressful for the economic team.
The Neptune transit to US Moon (27Aquarius12), which is building in strength from July through late August, is reflected in the Neptune transit conjunct Obama’s South Node (27Aquarius19), conjunct Tim Geithner’s South Node (27Aquarius11), conjunct Larry Summers Mars (27Aquarius26), and opposing Paul Volker’s Neptune (27Leo18). With these Neptune transits coincident with the Saturn transits described above, including the square to US Venus through August 23, we can expect a painful reality pouring ice water on prior expectations that the worst of the Great Recession was over.
By September, however, some of the strain and anxiety will recede, while the economic indicators once again edge upward. In mid-November 2010, transiting Saturn will begin its nine-month crossing of US Saturn (14Libra48) and square US Sun (13Cancer19). This suggests that growth will remain sluggish through the following summer of 2011, with the government cautious and incremental in its response due to restricted resources. The country will only thrive under careful planning and necessary discipline. This transit also suggests a time of reining in US goals abroad, situations that point to a further diminution of the US superpower role, and a likely further contraction of the US Dollar. All in all, it will be a somber time when belt tightening continues but self-discipline can be productive. There will be less anxiety and more resolve, with the US offered the possibility of becoming more muscular and less flabby.
As for Secretary of the Treasury Geithner (8/18/61), it seems quite possible that his reign will end shortly after the 2010 election. Saturn will make a station square his Venus (17Cancer12) from late December 2010 through early February 2011. Moreover, Uranus will oppose Mars (26Virgo48) in the Geithner/Obama composite chart, suggesting irritability and tension between them from October through December 2010. In addition, Saturn will conjunct the Sun (16Libra43) in the Geithner/Summers composite chart, suggesting extreme tension between these two men as well. It will be a very rough period for Tim Geithner at the end of 2010 and may well end in his forced resignation
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Note to New York Starlighters:
I will be in New York City on July 23 and 24 and would like to get together, perhaps for lunch or coffee on July 24 (Saturday). Please contact me if you are available.