Another lovely day for profit taking --right after yesterday's "solid gains in heavier trade" into today's futures screaming about stock indexes falling -0.32%. Metals profit taking today too w/ futures seeing a -1.06% fall after yesterday's highs. Claims/FOMC day today:
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
2:00 PM FOMC Minutes
--and we also got so many neat FR threads we won't have to watch CNN:
So many threads, so little time...
Take a look at the growth rates during the pre-FED Long Depression (misnamed). Also, why don’t people save more? Moral hazard? Govt. making labor dear?