Tuesday, September 1, 2015
Checkmate, central banks. Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing - Bloomberg Business
According to Pedro Cieza de León, who chronicled the Spanish conquistadors’ arrival in the Incan Empire, when Pedro de Alvarado entered the land that is now Ecuador in 1534, the Cotopaxi volcano erupted, sending massive gusts of fire and ash into the air, practically reducing the soldiers themselves to dust. As the story goes, the local indigenous people perceived this as a sign of nature’s outrage.
Ecuador's Political Eruption
Mohamed A. El-Erian (@elerianm) With #Dow futures now showing a loss of 400 points, what is the likelihood of repeating last Monday's down 1,000 point open? #markets
CNBC Now (@CNBCnow)
BREAKING: Dow futures tumble 400 points amid China data jitterscnb.cx/1JuivB0
Dow, Nasdaq plunge 2%; both in correction