Previous SMW:
SMW for 27 October 2022




AT THE CLOSING BELL ON 27 October 2022


Dow Jones 32,033.28 +194.17 (0.61%)
S&P 500 3,807.30 -23.30 (0.61%)
Nasdaq 10,792.68 -178.32 (1.63%)

Market Conditions During Trading Hours:

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Currencies:













Gold & Silver:






Petroleum:

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

Those who stood behind the financing of this mortgage catastrophe initially appeared strangely unaffected. In January 2008, Wall Street bonuses added up to $32 billion, just a fraction less than the total in 2007. This was a remarkable reward for crashing the world’s financial system. The losses of those at the bottom of the social pyramid roughly matched the extraordinary gains of the financiers at the top.

David Harvey. The Enigma of Capital: And the Crises of Capitalism. Oxford University Press. (c) 2009.