06-18-2021, 05:59 PM
It's called volatility.
Interest rates have recently been ridiculously low -- so low that people have little incentive for saving. People are in The Market who should not be, many of them investing in stocks because bonds, life insurance, and bank CD's pay too little. It's the little guys' savings that to a large extent get lent to Big Business for industrial expansion -- job-creating plan t and equipment.
Volatility is a hallmark of stock markets at the end of a run of rising valuations.
Interest rates have recently been ridiculously low -- so low that people have little incentive for saving. People are in The Market who should not be, many of them investing in stocks because bonds, life insurance, and bank CD's pay too little. It's the little guys' savings that to a large extent get lent to Big Business for industrial expansion -- job-creating plan t and equipment.
Volatility is a hallmark of stock markets at the end of a run of rising valuations.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.