Previous SMW:
SMW for 18 December 2023



AT THE CLOSING BELL ON 18 December 2023


Dow Jones 37,306.02 +0.86 (0.0023%)
S&P 500 4,740.56 +21.37 (0.45%)
Nasdaq 14,904.81 +90.89 (0.61%)

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

At times of crisis, the irrationality of capitalism becomes plain for all to see. Surplus capital and surplus labour exist side by side with seemingly no way to put them back together in the midst of immense human suffering and unmet needs. In midsummer of 2009, one third of the capital equipment in the United States stood idle, while some 17 per cent of the workforce were either unemployed, enforced part-timers or ‘discouraged’ workers. What could be more irrational than that?

David Harvey. The Enigma of Capital: And the Crises of Capitalism. Oxford University Press. © 2010.