Four Financial Questions for Passover
This year’s exercise looks at the bounce-back in stocks despite the banking crisis, the Fed’s rate cut predictions, corporate earnings and greed, and the staying power of gold.
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This is a Holy juncture. Passover started on Wednesday night; the world’s Jews come together to have a highly stylized feast known as a seder to commemorate the exodus from Egypt. Jesus’s Last Supper was a seder, and so it’s no coincidence that the first two nights of Passover are now to be followed by Good Friday, when Christians honor his sacrifice, to be followed by a celebration of the resurrection on Easter Sunday. Meanwhile, the Muslim holy month of Ramadan continues throughout. So it’s a good time to stand back.