On Friday, NYSE composite volume spiked to its fourth highest level in the post-crisis era. The other three high volume days included the flash crash, the U.S. downgrade and Brexit. We believe this spike in volume signifies the seriousness of the decline. pic.twitter.com/kdBpmPVFhH
In Defense of the Fed by Stephen S. Roach @ProSynhttps://t.co/PortoF1dXe “The more the real economy became dependent on the asset economy, the tougher it became for the Fed to break the daisy chain.” Please read this one past the headline to the very end.