Ah yes, the "business cycle." A term invented by economists to explain away the fact that the Federal Reserve has the power to expand or contract the money supply of the US at its whim. The US is so fucked.
Friday is always a slow newsday. Anchors want to pre record and get out of the office early. The B team comes in for the weekend and recycles the weeks news. After the DOW gets murdered on Monday morning it will be all over the news. Then the market will rally back before Friday.
![Stock market suffers worst one-day drop since 2008 [the cycle is revving up]](/thumbnails/b7/62/b762ddcb-1aa4-4d2b-ae67-cb2c21ac6834.jpg)
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deerhoof_fan ago
Ah yes, the "business cycle." A term invented by economists to explain away the fact that the Federal Reserve has the power to expand or contract the money supply of the US at its whim. The US is so fucked.
Drenki ago
Was it just me, or was this drop not widely reported? I mean, it's a huge drop and even on Voat there was hardly any information.
whynotanon1 ago
Friday is always a slow newsday. Anchors want to pre record and get out of the office early. The B team comes in for the weekend and recycles the weeks news. After the DOW gets murdered on Monday morning it will be all over the news. Then the market will rally back before Friday.
Empire_of_the_mind ago
This is especially true in August.