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SMW for 28 October 2022




AT THE CLOSING BELL ON 28 October 2022


Dow Jones 32,861.80 +828.52 (2.59%)
S&P 500 3,901.06 +93.76 (2.46%)
Nasdaq 11,102.45 +309.78 (2.87%)

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DU Economics Group Contributor Megathreads:

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mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

The rise of Idiot America, though, is essentially a war on expertise. It’s not so much antimodernism or the distrust of the intellectual elites that Richard Hofstadter teased out of the national DNA, although both of those things are part of it. The rise of Idiot America today reflects—for profit, mainly, but also, and more cynically, for political advantage and in the pursuit of power—the breakdown of the consensus that the pursuit of knowledge is a good.

Charles P. Pierce. Idiot America: How stupidity became a virtue in the Land of the Free. Knopf Doubleday Publishing Group. (c) 2009.