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http://www.stariq.com/Main/Articles/P0006579.HTMNewsScope for September 20, 2005
October's Shadow
Consumer confidence plunged last week to its lowest level since 1992. Rising gasoline prices contributed to a growing lack of faith in the economy, while financial observers estimated that the federal government would ultimately spend some $200 billion reconstructing New Orleans, even as the war in Iraq continues with no end in sight. Since consumer activity accounts for two-thirds of the economy, is a recession due?
Astrologically, the planetary indicators are pointing that way. Looking at the Scorpio Rising U.S. chart, transiting Neptune hovers around the Fourth House cusp, as transiting Pluto squares natal Neptune. This double Neptune influence highlights the importance of oil and gas in our current economic situation, and since they are both stressful transits, the price of oil and gas can be expected to remain troublesome.
Transiting Pluto's passage through the Second House of the nation's financial resources is another key. Although Pluto has not previously visited this sector in American history, Saturn makes the trip every 29 years, and the record is not encouraging. The stock market crashes of 1929 and 1987 both featured transiting Saturn in the U.S. Second House. Pluto is now approaching the same degree area where Saturn was when these previous crashes occurred.