Previous SMW:
SMW for 20 December 2023



AT THE CLOSING BELL ON 20 December 2023


Dow Jones 37,082.00 -475.92 (1.27%)
S&P 500 4,698.35 -70.02 (1.47%)
Nasdaq 14,777.94 -225.28 (1.50%)

Market Conditions During Trading Hours:

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DU Economics Group Contributor Megathreads:

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

Quote for the Day:

Essentially the controversy about executive privilege is a boundary dispute, bottomed on irreconcilable claims to constitutional power. Pitted against claimed "uncontrolled" executive discretion to withhold information is a claimed plenary congressional power to demand it. It is remarkable that the issue has never been submitted to the courts, for ours is a land, as de Tocqueville early observed, where "scarcely any political question arises . . . that is not resolved, sooner or later, into a judicial question."

Raoul Berger. Executive Privilege: A Constitutional Myth. Harvard University Press. © 1974.