August 23, 2015
Share this…EmailFacebookTwitterLinkedinGoogleReddit On Friday, the Dow Jones Industrial Average dropped 531 points, basically tying for the 9th worst point decline in history. Of course, point declines and percentage declines are not the same. In percentage terms, the 3.2% drop barely registered historically. It would take a 7% drop to even crack the top 20 in […]
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August 19, 2015
Share this…EmailFacebookTwitterLinkedinGoogleRedditWe have long discussed the threats against the dollar as well as dire predictions that the dollar would lose its reserve currency status. But historically, it has been the position of the U.S. Treasury and U.S. State Department that the dollar would remain, well, as sound as a dollar. So, you can imagine our surprise when […]
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