Reasons for the Dow’s not very big drop today Thursday

The stock market had an interesting day Thursday, with the Dow down 311 points. How interesting is that? Well, it is the second-biggest one day drop this year. But when you’ve got a number in the 13,000s, subtracting 311 just isn’t something to get too worked up about. Today’s 2.26% drop was just the 94th-biggest [...]

Chinese currency manipulation, Chuck Schumer and Senate bean soup

The Senate Finance Committee voted 20-1 this afternoon to send some “anti-pussyfooting legislation,” as John Kerry dubbed it, to the full Senate. I know because I was there for all the action at the lovely Dirksen Building. I also ate at the all-you-can-eat buffet in the basement and had a little bowl of Senate bean [...]