{"id":3480,"date":"2014-12-23T21:18:26","date_gmt":"2014-12-24T02:18:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3480"},"modified":"2014-12-23T21:18:26","modified_gmt":"2014-12-24T02:18:26","slug":"a-crash-course-in-money-part-v","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3480","title":{"rendered":"A Crash Course in Money (Part V) |"},"content":{"rendered":"

A Crash Course in Money (Part V) |<\/a>.<\/p>\n

Last Thursday, the Dow shot up 421 points, or 2.4%, following the Fed\u2019s announcement that it would be \u201cpatient\u201d about normalizing interest rates. It was the biggest single-day gain for the Dow in three years. And the 13th biggest single-day gain ever.<\/p>\n

No one knows what was in this package \u2013 probably not even the Fed \u2013 but speculators thought it had a ribbon and bow on it. On Friday, they drove the Dow up another 27 points for good measure.<\/p>\n

We have our doubts about Santa. Does he really exist? Or is it just a myth we tell children, mental defectives and stock market investors?<\/p>\n

A stock is a share in a business. Why would a business be more valuable because the Fed tells the world it is in no hurry to stop torturing interest rates? We knew that already. And it shouldn\u2019t improve the real worth of your business anyway.<\/p>\n

Just the contrary: It will more likely depress the value of businesses. The more the central banks distort key price signals, the more your business is prone to make bad investment decisions.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A Crash Course in Money (Part V) |. Last Thursday, the Dow shot up 421 points, or 2.4%, following the Fed\u2019s announcement that it would be \u201cpatient\u201d about normalizing interest rates. It was the biggest single-day gain for the Dow in three years. And the 13th biggest single-day gain ever. No one knows what was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[216,303,305,1138],"class_list":["post-3480","post","type-post","status-publish","format-standard","hentry","category-economics","tag-dow","tag-fed","tag-federal-reserve","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3480"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3480\/revisions"}],"predecessor-version":[{"id":3481,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3480\/revisions\/3481"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}