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(17,975 posts)
Tue Feb 13, 2024, 06:23 PM Feb 2024

STOCK MARKET WATCH: Wednesday, 14 February 2024

STOCK MARKET WATCH: Wednesday, 14 February 2024

Previous SMW:
SMW for 13 February 2024

AT THE CLOSING BELL ON 13 February 2024

Dow Jones 38,272.75 -524.63 (1.35%)
S&P 500 4,953.17 -68.67 (1.37%)
Nasdaq 15,655.60 -286.95 (1.80%)


Market Conditions During Trading Hours:

Google Finance

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Gold & Silver:

(Awaiting new links)




Quote for the Day:

With the prevailing wages running at $6–$7 an hour in my town and rents at $400 a month or more, the numbers might, it seemed to me, just barely work out all right. But if the question was whether a single mother leaving welfare could survive without government assistance in the form of food stamps, Medicaid, and housing and child care subsidies, the answer was well known before I ever left the comforts of home. According to the National Coalition for the Homeless, in 1998—the year I started this project—it took, on average nationwide, an hourly wage of $8.89 to afford a one-bedroom apartment, and the Preamble Center for Public Policy was estimating that the odds against a typical welfare recipient’s landing a job at such a “living wage” were about 97 to 1.

Barbara Ehrenreich. Nickel and Dimed: On (Not) Getting By In America . Henry Holt and Co. © 2001.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

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STOCK MARKET WATCH: Wednesday, 14 February 2024 (Original Post) Tansy_Gold Feb 2024 OP
Just like the 1970s, inflation tacks upward after initial drop bucolic_frolic Feb 2024 #1
Message auto-removed Name removed Feb 2024 #2


(44,634 posts)
1. Just like the 1970s, inflation tacks upward after initial drop
Tue Feb 13, 2024, 09:36 PM
Feb 2024

Powell is smart enough, and the Fed has enough experience, to know this will happen. The worst mistake they can make is to loosen again too soon, and by too soon I mean this year. You don't beat inflation without recession. That's not a political argument, that's economics.

Response to Tansy_Gold (Original post)

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