Why the market vetoed the U.K.’s budget–and what it means for the changing nature of stimulus around the world

Consider the following statement about the relationship between markets and policymakers: “(They) are separated by light years of distrust and misunderstanding. But market realities have the last say-so. Wall Street votes with the upward or downward movement of stock and bond prices. Their reaction ultimately will make or break a President’s program.” These were the … Read more

Bloody Friday for global stock markets! Dow 30 down by over 600 points; Nasdaq Composite, S&P 500 drop more than 2%

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