Saturn & High Prices
Posted: Wed May 10, 2017 10:54 pm
The Law of Supply & Demand correctly predicts that shortages cause higher prices. Today's published figures on September housing sales reminded me of a general point I don't think I've seen made in the Sidereal press.
Saturn's transits through Sidereal signs are sometimes absurdly, sublimely literal in how the Law of Supply & Demand works out!
When Saturn entered Sidereal Taurus in May 1971, it began two years that were particularly marked by... get ready for it... the BEEF SHORTAGE. Serious shortages and higher prices were a big deal.
Saturn then left Taurus and entered Gemini in June 1973. The next two years were the time of the GASOLINE SHORTAGE which, for the first time since rationing in WW II, put serious crimps in how much people were driving, started the hike of gasoline prices that has continued since, and introduced the 55 m.p.h. national speed limit. Saturn in Gemini was limiting travel and speed!
Having observed this, I was then curious to know what Saturn's ingress into Cancer would bring, beginning in July 1975. Not yet being willing to accept just how literal all this could be, I thought I was joking when I said, "So what's this going to be, a HOME shortage?" Being recently arrived in Southern California, in the months following I began seeing extensive news coverage of the boom in the real estate market and finally (doh!) realized that the booming real estate market was by definition a real estate shortage - proportionate to the demand. (Which is the only kind of shortage that is meaningful, of course.)
Based on history, it was no problem at all to predict - when Saturn again entered Cancer in September 2004 - that we were going to have a real estate boom. In fact, housing prices in Southern California reached historic highs.
And, on the same basis, it didn't take genius to predict - when Saturn finally left Cancer in July 2007 - that the housing industry was about to tank. The trend was already a bit downward (Saturn had already dipped into Leo once late in 2006) - but I told people it was about to drop off like it hit the Mariana trench, starting in August.
August showed a drop of nearly a third in number of homes sold in Southern California. The September numbers were just posted today, and the drop-off was even sharper, being a 50% drop from numbers of one year earlier and the lowest numbers in 20 years. The trend is expected to accelerate, and the glut to continue "into 2009." Interestingly, Saturn leaves Leo and moves into Virgo in September 2009.
The current economic problem in the housing industry are depicted as a glut. Another way to say this is that the shortage is over - Saturn has left Cancer.
If Saturn in Leo means "shortage of gold," then that explains the collateral problems. (It's already a clear shortage of generosity and festivity and the like - holiday retail purchases are expected to do poorly this year.) With other things going around, we may also have to ask, with Saturn in Leo: What price our pride?
Saturn's transits through Sidereal signs are sometimes absurdly, sublimely literal in how the Law of Supply & Demand works out!
When Saturn entered Sidereal Taurus in May 1971, it began two years that were particularly marked by... get ready for it... the BEEF SHORTAGE. Serious shortages and higher prices were a big deal.
Saturn then left Taurus and entered Gemini in June 1973. The next two years were the time of the GASOLINE SHORTAGE which, for the first time since rationing in WW II, put serious crimps in how much people were driving, started the hike of gasoline prices that has continued since, and introduced the 55 m.p.h. national speed limit. Saturn in Gemini was limiting travel and speed!
Having observed this, I was then curious to know what Saturn's ingress into Cancer would bring, beginning in July 1975. Not yet being willing to accept just how literal all this could be, I thought I was joking when I said, "So what's this going to be, a HOME shortage?" Being recently arrived in Southern California, in the months following I began seeing extensive news coverage of the boom in the real estate market and finally (doh!) realized that the booming real estate market was by definition a real estate shortage - proportionate to the demand. (Which is the only kind of shortage that is meaningful, of course.)
Based on history, it was no problem at all to predict - when Saturn again entered Cancer in September 2004 - that we were going to have a real estate boom. In fact, housing prices in Southern California reached historic highs.
And, on the same basis, it didn't take genius to predict - when Saturn finally left Cancer in July 2007 - that the housing industry was about to tank. The trend was already a bit downward (Saturn had already dipped into Leo once late in 2006) - but I told people it was about to drop off like it hit the Mariana trench, starting in August.
August showed a drop of nearly a third in number of homes sold in Southern California. The September numbers were just posted today, and the drop-off was even sharper, being a 50% drop from numbers of one year earlier and the lowest numbers in 20 years. The trend is expected to accelerate, and the glut to continue "into 2009." Interestingly, Saturn leaves Leo and moves into Virgo in September 2009.
The current economic problem in the housing industry are depicted as a glut. Another way to say this is that the shortage is over - Saturn has left Cancer.
If Saturn in Leo means "shortage of gold," then that explains the collateral problems. (It's already a clear shortage of generosity and festivity and the like - holiday retail purchases are expected to do poorly this year.) With other things going around, we may also have to ask, with Saturn in Leo: What price our pride?
