Mises Daily
Author:
Frank Shostak
Online Publish Date:
On Monday, August 8, the S&P 500 stock-price index fell 6.7 percent to close at 1,119.46. The index fell 13.4 percent from July, and this was the fourth consecutive monthly decline. It has fallen 17.9 percent from its high of 1,363.61 in April this year. Also, the index’s growth momentum has fallen visibly. Year on year, the rate of growth