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Just minutes earlier, Trump jokingly tweeted that the Dow dropped hundreds of points over news that Seth Moulton dropped out of the presidential race.
While the economic problems on the horizon are bad—see your 401(k) for more on this—they are hardly the only serious problems bubbling up at the moment.
Don’t panic about Monday, but Tuesday’s rebound doesn’t matter either. What matters is understanding the vast chasm between Wall Street and Main Street.
The futures markets tumbled as it became clear that Donald Trump would become the 45th president of the United States. The real financial pain may not have started yet.
What’s behind the turmoil? Fundamentally, we have too many resources, nobody wants them, and the people making them aren’t being paid enough.
Before we move on to a new week of potential scandal, an LBJ biographer takes a second to remember the momentously positive week that was.
With a full slate of important economic dates, rising Washington dysfunction, and a worrisome legacy, October may spook investors long before Halloween.