Stock Market Plunges Again

The Dow Jones Industrial Average plunged more than 1,000 points during trading Thursday, the latest major swing in a volatile week for the market.

New York Times: “One likely catalyst for Thursday’s fall were comments from the Bank of England that it might raise interest rates sooner and higher than expected as it looks to fend off possible inflation. That was the latest signal that an epic run of easy money, which buoyed markets worldwide, is coming to an end.”