The Nasdaq stops all trading partly because we are now on the verge of a historic economic meltdown. The Dow sinks for the sixth day as traders ponder fed exit. We are heading toward a frightening fall and punishing winter decorated in economic collapse.
The knowledge that short-term markets are driven first by news headlines and central bank policies rather than primarily macro and macroeconomic data forces a perverse reaction onto the market in this unfamiliar climate we find our capital in.
As the global economic recession continues, many countries around the world are suffering, both financially and politically. The Latvian government is on the verge of collapse after the largest political group in the five-party coalition walked out.
Since the Presidential election folks have commented on the growth in extremism. This may have to do with election strife or compounding of divisions after the 9/11 attacks. For me it is what Trevor Roper said 40 years ago that worries me now.