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Letter from Oxford

Letter from Oxford

Paul Craig Roberts

The letter below came to me from Oxford University where I was a post-graduate.

I do not think it conceivable that the letter was actually written by Oriel College, or any authority at Oxford. This letter was written in exasperation by someone who feels that the civilized world has collapsed around him. This is a letter that the author of the letter wishes had been written.

As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck

As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck

With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week. China’s stocks rose the most in almost two weeks, up 0.6% but failed to rise above 3000 on the Shanghai Composite, in thin trading.

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