Wednesday, August 26, 2015

Economy

Dow jumps 600 points on Fed news.
"Federal Reserve policymaker William Dudley walked back hints that an interest rate hike was imminent, calling the increase a safer bet for October than September, as previously indicated by Janet Yellen."
Or not at all.

Dow Jones death cross August 12.

Advice to sit pat transfers your money to the big banks. How specialists rig the stock market. Buy and hold is bad advice.

Uber to take on buses.

Nobody likes higher prices, but Uber's surge pricing is necessary to match supply to demand to avoid shortages.

Robots are coming for some jobs, but not all of them.

Economic incentives to keep exploitable bugs secret and therefore not fixed.

Apple stumbles again, having to replace iPhone 6 Plus cameras.

Death cross hits Apple stock chart.

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