It normally takes anywhere from two to four minutes for the market to respond to news it wasn't expecting, and the response in the automatic selloff reaction certainly fits within that typical window of time. That stands in contrast to how the noise event began however, as stock prices responded almost instantly to the false news report, which almost gives the impression that traders were expecting the news.
MSNBC’s Melissa Harris-Perry isn’t the only one cheering for collectivism in education. Chicago Teachers Union President Karen Lewis thinks that idea is pretty swell, too.
The optimistic scenario for the economy is generally inconsistent with the weakening spate of recent economic statistics this week including ISM and jobs growth.
Mrs. Thatcher famously said, “The trouble with socialists is that they always run out of other people’s money.” That dictum really stands the test of time, doesn’t it? Running out of other people’s money? Today?
So, the cronyists are “on edge” and feeling “anxiety.” Gee, just breaks my heart.
All the great news about rising home prices creating a wealth effect is an overstatement, because consumer debt remains double that of 2001.