Charles Payne

Like a lazy ocean hugs the shore
Hold me close, sway me more...
Like a flower bending in the breeze
Bend with me, sway with ease
When we dance you have a way with me
Stay with me, sway with me

-Dean Martin

Baldassare Castiglione was advisor to many powerful men:

Pope Leo X love of the arts and education led to major borrowing and spending which resulted in favors for donors. The situation resulted in Martin Luther's 95 Theses and Protestant Reformation.

Clement VIII was considered a diplomat, but reacted hard to any ideas that questioned the Church and evicted Jews.

Charles V Holy Roman Empire spent much of his time fighting France and the Ottoman Empire and gout. He dismantled some of the Empire, and his treaty with Suleiman was considered a defeat.

Business Week captured the latest gimmick to adjust an economy in Europe in a single word, which also explains why socialists tendencies and nations that become Welfare Utopias, find it difficult to re-embrace the tenants of free markets.

Sprezzatura originated from Baldassare Castiglione's The Book of the Courtier as a complicated, but complimentary, description of an essential skill an ideal courtier would need to support his ruler. This person had to be a marksman and an athlete, but be equally skilled in music and dance, and make it look effortless. These days, one might say such a person should be humble, however, the role and meaning of the word evolved differently. The ideal courtier would hide the difficulties of their skills and put on a facade for their peers.

Sprezzatura was described as the ability to hide true feelings and intentions by acting nonchalant. In fact, far from being a compliment, when someone was called Sprezzatura, one was being accused of being deceptive.
Sprezzatura entered English as "studied carelessness."

Modern Day Studied Carelessness

Last week, the Italian government announced that it would add the grey/shadow economy of drugs and prostitution, and possibly illegal tobacco and alcohol sales into its GDP calculations. Such a move would buy the ultimate stimulus -at least on paper- as it has been estimated that the grey economy is 10% to 15% of the nation's GDP. This move would not only be a careless answer to a very difficult problem, but would also raise the white flag of defeat to the ever-growing economic strength of the Mafia.

Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.