The gyrations of Wall Street
The gyrations of Wall Street The sharp swings on Wall Street in recent weeks, with markets down significantly one day only to bounce back the next, reflect great uncertainty over how long the record highs, financed by trillions of dollars from the Fed, can continue, and whether there is a major crisis waiting in the wings. Trader on the floor of the New York Stock Exchange (AP Photo/Richard Drew) A series of issues are fuelling the gyrations, including: Whether the Fed will tighten its monetary policy in response to increased inflation, and the effect of such a move on the debt mountain in fi...
Source: wsws.org