STOCK MARKET WATCH -- Wednesday, 31 August 2022
STOCK MARKET WATCH, Wednesday, 31 August 2022
Previous SMW:
SMW for 30 August 2022
AT THE CLOSING BELL ON 30 August 2022
Dow Jones 31,790.87 -308.12 (0.96%)
S&P 500 3,986.16 -44.45 (1.10%)
Nasdaq 11,883.14 -134.53 (1.12%)
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Currencies:
Gold & Silver:
Petroleum:
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Quote for the Day:
There is a joke about two junior economists finding dog shit during their walk. The first economist says to the second: I pay you one million dollars if you eat up the dog shit. The second economist does it. They keep walking until they find another dog shit. The second economist now says to the first: I pay you one million dollars if you eat up that dog shit. The first economist does it. They do not feel so well. None of them own one million dollars. So, they visit a senior economist to explain to them how to evaluate the situation. The senior economist exclaims: These are wonderful news. You have just increased the GDP by two million dollars.
Rodney Edvinsson. An Economic Philosophy of Production, Work and Consumption (Routledge Studies in the History of Economics) Taylor and Francis. (c) 2023.
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