Mises Wire
Author:
David Haggith
Online Publish Date:
January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the worst January ever for credit markets . During many Fed tightenings, the stock