Previous SMW:
SMW for 2 November 2022




AT THE CLOSING BELL ON 2 November 2022


Dow Jones 32,147.76 -505.44 (1.55%)
S&P 500 3,759.69 -96.41 (2.50%)
Nasdaq 10,524.80 -366.05 (3.36%)

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DU Economics Group Contributor Megathreads:

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

Quote for the Day:

Built into the capitalist system are those periodic economic convulsions called "the business cycle" (right-wing economists love the mildness of the term "cycle" ), of which probably the best known today is the Great Depression of the 1930s. What "cured" that one was World War II. Wars have reliably ended economic downturns in the past because of the enormous amount of goods and services war simply uses up, thus ending the overproduction – or under consumption – that is the bane of capitalism.

Joanna Russ. "Seeing Red: My Life is Harder Because Yours is Easier" in What Are We Fighting For? Sex, Race, Class, and the Future of Feminism. St. Martin's Press. (c) 1998.