✎✎✎ Narrative Essay: The Falling Ceases

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Narrative Essay: The Falling Ceases

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What has been written so far is hopefully a reminder that natural recessions and market corrections are signals of progress rather than scenarios we should fear. This brings me to the stock market… Supposedly its buoyancy over the last 12 years has had an artificial quality to it. But this consensus across the ideological spectrum is incorrect… Better yet, the popular view that the Fed has engineered the multiyear rally enjoyed by investors is quite literally impossible.

If the Fed could prop up the markets, then there would be scant markets to prop up. In particular, the Fed purchased Treasuries and mortgage bonds with an eye on pushing interest rates down at the long end, and with its mortgage security buys, the Fed was working to prop up the housing market. OK, but what about the subsidization of government spending or the propping up of housing consumption the very consumption that ended in relentless tears in ? Some say that the Fed, in pushing yields of bonds so low, engineered a rush into higher-yielding investment opportunities that could only be found in the stock market. It sounds intriguing at first glance, but a cursory second look at the yield curve in Japan over the decades shows lower rates across the curve, but no corresponding stock market rally.

Except that the year Treasury note yielded 3. Translated for those who need it, in order for a QE-deceived bull to express optimism in the stock market, a sober QE bear must be able to express an equal amount of pessimism. In markets, the passions of the bulls are leavened by the pessimism of the bears… by definition. Such central bank mysticism also ignores how equities are valued in the first place. So with this in mind, the notion that market fiddling meant to devalue the currency would actually boost equity returns brings new meaning to absurd. The Fed similarly slashed rates in and to stem a falling market, only for stocks to fall further. In , the Fed began a series of rate hikes that took place over several years, only for U. If the Fed could render markets artificial with its vain rate machinations, logically prices would remain artificially high across the board, and without regard to their existing and future prospects.

Stock markets are harsh truth-tellers…. In , Microsoft MSFT was still highly valued, but it was on the verge of a largely lost 10 to 15 years. Having been late or never arrived to the Internet, along with search, social media, and smartphones, investors had lost much of their former excitement for the Redmond, Washington software giant. This showed up in its stock price. It was mostly flat from right up through Shareholders were mostly ridiculed for owning its shares since, well, you know, well-overdone optimism about the Internet retailer was already priced.

It was largely unknown. While by it had grown fast enough that it was neck-and-neck with Myspace remember that? In , it was still private, with good reason. It was Michael Dell. He was talking about Apple in Put another way, returns since are loud indicators of how little faith investors initially had in the plans of Steve Jobs. Mark Zuckerberg was still a student at Phillips Exeter. After months of extraordinary gains, the U. Nonexistent, lightly regarded, or seen as past their prime in , these companies are now the five most-valuable corporations in the world in How things change! The good news is that it failed, much as the BOJ did. Imagine then if the Fed could actually prop up stock prices as is commonly assumed.

If so, the demise of some of the U. In which case, some pretty mediocre corporations would be hogging precious resources to the certain detriment of the U. It cannot be stressed enough that while the failure of one or many corporations could never doom the stock market or the economy for any notable time frame, stasis would be devastating to markets. To believe the narrative about the Fed and the stock market, you would have to similarly believe average thinkers with last names like Bernanke, Yellen, and Powell not only knew how to trick markets, but also knew what companies to push into the past at the same time they knew which replacements to anoint on the way to nosebleed valuations.

On the other hand, greatness does… which explains the vast differentials in returns within countries around the world populated by central bankers trying to force exuberant valuations via voice and artificial rate commands. The U. If the Fed were really as powerful as so many think it to be, such that it could engineer bull markets, then GE, Enron, Blockbuster, AOL, and others would still be around… using up precious resources to the detriment of much greater replacements. In other words, if the Fed could juice markets, there would be no markets to juice.

Sarah, frightened by her hoarse and labored breathing, recognizes her as the school's headmistress, who is supposedly out of town. Daniel is stalked by an unseen force while walking through a plaza that night; his dog turns on him and viciously rips out his throat. Sarah tells Suzy that she was the one on the intercom who refused her entry the night Pat was murdered. She reveals that Pat was behaving strangely before her death and promises to show Suzy the notes that she left behind. Sarah finds that Pat's notes are missing and is forced to flee when an unseen assailant enters the room.

They pursue her through the school before cornering her in the attic. She escapes through a small window before falling into a pit of razor wire , entangling her and allowing her pursuer to kill her by slashing her throat. Suzy investigates Sarah's disappearance the next morning. Tanner tells her that Sarah has fled the school. Suspicious, Suzy contacts Sarah's friend and former psychiatrist, Frank Mandel. Suzy also consults with Professor Milius, a professor of the occult. He reveals that a coven of witches perishes without their leader, from whom they draw power. When Suzy returns to the school, she finds that everyone has left to attend the Bolshoi Ballet. After being attacked by a bat and recalling a conversation with Sarah about footsteps, she follows the sound of them carefully, leading her to Madame Blanc's office.

Remembering that Pat uttered the words secret and iris the night that she was killed, Suzy discovers a hidden door that opens by turning a blue iris on a mural in Blanc's office. Suzy enters the corridor and finds the academy's instructors, led by Madame Blanc, plotting her demise in the form of a human sacrifice. Albert alerts Pavlos to Suzy's presence. Suzy hides in an alcove, where she finds Sarah's disfigured corpse. Pursued by Pavlos, Suzy retreats to Helena Markos's bedroom. Suzy finds Markos sleeping, recognizing her as the headmistress by her labored breathing. She accidentally wakes her by breaking a decorative peacock with crystal plumage. Markos renders herself invisible and taunts Suzy before reanimating Sarah's mutilated corpse to murder her.

When flashes of lightning inadvertently reveal Markos's silhouette, Suzy impales her through the neck with one of the peacock's broken glass quills. Markos's death causes Sarah's corpse to vanish. Suzy flees as the school starts to implode. Madame Blanc, Miss Tanner, Pavlos and the rest of the coven perish without the power of Markos to sustain them. Suzy escapes into the rainy night as the school is consumed by fire. It's something that exists. Daria Nicolodi helped Argento write the screenplay for the film, which combined the occult themes that interested Argento with fairytales that were inspiring to Nicolodi, such as Bluebeard , Pinocchio , and Alice's Adventures in Wonderland.

American actress Jessica Harper was cast in the lead role of American ballet dancer Suzy Bannion, [11] after attending an audition via the William Morris Agency. Argento requested Italian actress Stefania Casini for the supporting role of Sarah, a request which she obliged, having been an admirer of his films. Suspiria is noteworthy for several stylistic flourishes that have become Argento trademarks, particularly the use of set-piece structures that allow the camera to linger on pronounced visual elements.

The production design and cinematography emphasize vivid primary colors , particularly red, creating a deliberately unrealistic, nightmarish setting, emphasized by the use of imbibition Technicolor prints. Commenting on the film's lush colors, Argento said:. The imbibition process, used for The Wizard of Oz and Gone with the Wind , is much more vivid in its color rendition than emulsion-based release prints, therefore enhancing the nightmarish qualities of the film Argento intended to evoke. All of the actors' dialogue was dubbed through additional dialogue recording —a common practice in Italian filmmaking at the time.

Contrary to the conventional wisdom that Suspiria is entirely post-synced, the English-language mix is actually not entirely dubbed and uses a fair amount of production dialogue recorded on set, mixed with post-synced ADR. The Italian prog-rock band Goblin composed most of the film's score in collaboration with Argento himself. In the film's opening credits, they are referred to as "The Goblins". The main title theme was named as one of the best songs released between and in the book The Pitchfork Our Guide to the Greatest Songs from Punk to the Present , compiled by influential music website Pitchfork.

Suspiria was released in Italy on 1 February Janet Maslin of The New York Times wrote a mixed review, saying the film had "slender charms, though they will most assuredly be lost on viewers who are squeamish. Like Siskel, Bruce McCabe of The Boston Globe likened the film to The Exorcist and The Sentinel , ultimately deeming it "a fitful, uneven piece of work too often more uncontrolled than the hysteria it's trying to create. Hoberman of The Village Voice gave a positive review as well, he called it "a movie that makes sense only to the eye".

Suspiria may prove to be the most harrowing shocker ever filmed. In the years since its release, Suspiria has been cited by critics as a cult film. The Village Voice ranked Suspiria on their list of the greatest films made in the 20th century. The website's critical consensus states: "The blood pours freely in Argento's classic Suspiria , a giallo horror as grandiose and glossy as it is gory.

Although this film is often described as a work of "Giallo" Filmmaking, there is some controversy on this subject. Giallo was originally based on lurid detective and murder "pulp" paperbacks of the period, often closer to film noir tropes than horror. American examples of this style would include the work of Dashiell Hammett, or Raymond Chandler. While these often dealt with lurid themes, they more typically were the hardboiled detective story; and although violent, the extreme supernatural horror of Suspiria removes it from all but the most broad definition of "Giallo.

This release, which was a limited edition run restricted to 60, units, features a THX -certified video master of the film, with a second disc consisting of a minute documentary and other bonus material; the third disc is a CD consisting of the original film score. A standard single-disc edition was released by Anchor Bay the following month. On 19 December , the independent home media distributor Synapse Films released the film for the first time on Blu-ray in the United States in a limited steelbook package. It did not use the same 4K restoration as the US Synapse release.

Three bands—the Norwegian thrash-metal band Susperia ; a pioneering mids UK gothic rock band; and the witch-house project Mater Suspiria Vision—have named themselves after the film. Several albums have also used the title, including an album by gothic metal band Darkwell , an album by Darkwave band Miranda Sex Garden and Suspiria de Profundis by Die Form , which can also be regarded as inspired by Thomas De Quincey's work of the same title. The American death metal band Infester included a sample from the film in their song, "Chamber of Reunion", from their album To the Depths, In Degradation In books by Simon R.

Green , mentions are often made of a "Black Forest Dance Academy" in Germany, a place where witches and Satanists gather, a possible reference to Suspiria. Suspiria is featured in the documentary film Terror in the Aisles In the comedy-drama film Juno , Suspiria is considered by the title character to be the goriest film ever made, until she is shown The Wizard of Gore and changes her mind, saying it is actually gorier than Suspiria. Suspiria is the first of a trilogy of films by Argento, referred to as " The Three Mothers ".

Latin: "Mother of Sighs" in Freiburg. Latin: "Mother of Tears" in Rome. Film scholar L. Andrew Cooper notes "Aesthetic experience is arguably the ultimate source of 'meaning' in all of Argento's films, but Suspiria and the other films of the Three Mothers trilogy In January , Green revealed that it might never happen due to legal issues. In April , an English-language television series based on the film—along with a series based on Sergio Corbucci 's Django —was announced as being developed by Atlantique Productions and Cattleya.

Both series were set to consist of twelve minute long episodes, with the possibility of multiple seasons. From Wikipedia, the free encyclopedia. For the film, see Suspiria film. For other uses, see Suspiria disambiguation. Dario Argento Daria Nicolodi. Goblin Dario Argento. Release date. Running time. Main article: Suspiria soundtrack. Main article: Suspiria film. Chicago Tribune. British Board of Film Classification. Retrieved 4 July Suspiria 25th Anniversary. Anchor Bay Entertainment. Eliot, Charles William ed. Levana and Our Ladies of Sorrow. English essays, from Sir Philip Sidney to Macaulay. The Harvard Classics.

New York: P. Retrieved 9 November Suspiria booklet.

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