Wednesday, May 11, 2016

The Dow is a dead banana republic despot in full

history channel documentary hd The Dow is a dead banana republic despot in full military uniform propped up in the stronghold window with a mechanical lever moving the body's arm, waving to the Wall Street swarm. - Michael Bolser, Le Metropole Cafe1

It was another dreamlike week on Wall Street. The week prior to the November 4 races, the Dow Jones Industrial Average rose a thousand focuses while the economy kept on sinking into its most noticeably awful money related emergency since the Great Depression. The majority of this stellar ascension happened on Tuesday, October 28, when the Dow climbed nearly 900 focuses, making it the biggest one-day securities exchange ascend subsequent to the Great Depression. The ascension was particularly striking in that it happened in simply the most recent two hours of exchanging, on no especially uplifting news. Analysts ascribed it to a desire of a half point loan fee cut by the Fed the next day, yet the probability of a rate cut was not new news two hours before shutting, and past rate cuts have not evoked that kind of emotional reaction. At the point when the cut was really declared, the business sector yawned and continued to drop.

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