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Posts tagged as “stock market”

What Happened On Wall Street Today

There was a major sell-off on Wall Street today, with the market losing 2.3%, more than it’s lost on a single day since 2011. Why? Evidently the investment crowd is panicking because Federal Reserve chairman Ben Bernanke indicated that soon, if the economy continues to improve, the Fed will quit printing new money willy-nilly for them to use to buy bonds in order to continue to stimulate the economy. In other words, they’re threatening to quit feeding the trolls.

Let me translate this for the hard-of-thinking.

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