Previous SMW:
SMW for 8 April 2024



AT THE CLOSING BELL ON 8 April 2024


Dow Jones 38,892.80 -11.24 (0.029%)
S&P 500 5,202.39 -1.95 (0.037%)
Nasdaq 16,253.96 +5.43 (0.033%)

Market Conditions During Trading Hours:

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Petroleum:

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

Take, again, such a familiar case as that of a good system of taxation and finance. This would generally be classed as belonging to the province of Order. Yet what can be more conducive to Progress? A financial system which promotes the one, conduces, by the very same excellences, to the other. Economy, for example, equally preserves the existing stock of national wealth, and favors the creation of more. A just distribution of burdens, by holding up to every citizen an example of morality and good conscience applied to difficult adjustments, and an evidence of the value which the highest authorities attach to them, tends in an eminent degree to educate the moral sentiments of the community, both in respect of strength and of discrimination. Such a mode of levying the taxes as does not impede the industry, or unnecessarily interfere with the liberty of the citizen, promotes, not the preservation only, but the increase of the national wealth, and encourages a more active use of the individual faculties.

John Stuart Mill. Considerations on Representative Government. Harper & Brothers, Publishers. © 1861.