What Just Happened on Wall Street?
ฝัง
- เผยแพร่เมื่อ 8 ก.ย. 2024
- Every major U.S. stock market plunged on Monday, wiping out billions of dollars in value.
Jeanna Smialek, who covers the U.S. economy for The Times, discusses what was behind the dizzying sell-off - and what it can tell us about whether America is headed for a recession.
Guest: Jeanna Smialek (www.nytimes.co...) , a reporter covering the Federal Reserve and the U.S. economy for The New York Times.
Background reading:
• Global stock markets fell sharply (www.nytimes.co...) - the latest example of how distinct economic forces can ricochet across markets.
• What should you do when the stock market drops? Here’s the advice from our columnist. (www.nytimes.co...)
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. - บันเทิง
This is a PRIME example of media manipulation. 1000 points doesn't mean a damn thing. It was about 3 percent and that ain't nothing but it sure as hell isn't HISTORIC.
Exactly. Stock prices are back to where they were earlier this summer. This isn't some historic crash. It's worth a blurb in that day's news but I would hope the Fed doesn't change their policy based on it.
@@letsRegulateSociopaths it's way to high still. It's needs a 15 percent haircut minimum.
Since 1881 there were only 15 single day losses of 1000 points or more. The Asian stock exchanges dropped more (in percentage) when they opened today. (yesterday, actually)
@@maxheadrom3088 back then there wasn't 1000 points to lose
Amen.
I lose more respect for the NYT EVERY DAY.
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It only freaks out people like over-leveraged traders and gamblers. They have done risky things. They should be worried. Normal people have not, so we should not.
When rich people get upset normies lose their jobs. In the US that also means their healthcare. So people can’t help but worry.
Except they'll eat our liver in their panic. I am livestock.
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This guy sounds like he should be doing parodies of NPR. And no, we're not headed for a recession. The GDP was still up over the last quarter. These flash corrections are what happens when jacked up traders get twitchy about the Fed not cutting rates *exactly* when they want them to. Wall street is a bunch of fickle pre-teen boys, we just happened to have given them a large chunk of our money.
Herd mentality.
On the price drops, “This too will pass.”
Stolen property doesn’t come back immediately = lawsuit
fear and a downturn is the best time to buy.
The economy is NOT heading towards a recession . In fact the economy is still growing. A market correction from over -valuation , fear of a full scale war in the Middle East..the Fed’s target prime too high?…most likely these are the reasons
The Fed has little to no control over consumer inflation…stricter anti-trust laws is the first good step to ensure Americans stay solvent
Nobody cares about the Middle East. That doesn’t even show up in the polling numbers. I wholeheartedly disagree with that analysis.
No it's in recession and continuing. Sorry. It needs that natural correction
@@itsallminor6133 it’s not..but please explain your point
@itsallminor6133
There are different definitions of recession but I generally go by the definition of two consecutive quarters of *NEGATIVE* GDP growth.
By this widely used definition, it will take the economy not already in recession two quarters to be in a recession. The quarterly GDP is still growing so we aren't in a recession.
Hence, I agree that we aren't in a recession in the U.S.A.
@@solconcordia4315 The GDP numbers are cooked just like the employment and CPI numbers. Why are so many business closing some or all stores? This is just the beginning.
The economy is quite terrible. I know this is anecdotal but I have a few friends who are highly qualified engineers who have spent a year plus looking for work. No one is actually hiring. The job listings all feel fake. Additionally everyone is just holding on to their current job no matter how bad it is to try and wait out the current downturn.
This is actually the bottom of the business cycle and we've done great 👍... Things will only get better
There were fake-job interview problems created to get free consulting advice and solutions to business problems. Be careful of spending much non-paid labor solving problems for unethical business people.
@@letsRegulateSociopaths No we have not. Stop gas lighting.
@@letsRegulateSociopaths I wish you were right. But I think things are going to get quite bad.
Regular people are spending 30-50% more for necessary goods and services than they did two years ago. This was never inflation this was always gouging. This unchecked capitalist model was never good for average earners and reinforces that the rich get richer. We need a moderated economic model that works for everyone with greater equity.
It was over bought. Its still over bought. Just look at the 10 year chart its stupid over bought
We've been in a recession for a few years now.
I wish you all would share info re: ceo compensation, shrink-flation, stock buy backs ... greed-flation - unemployment isn't a real metric.
Stock buy backs are good. Sures up company fundamentals. So the shares aren't over diluted. Thats healthy.
Milk 8 dollars a gallon. Bread $5 a loaf. That proves that it has been in the toilet for 3 years now.
There is no need for urgent Fed action. People have lost the ability to understand when things are going wrong in reality as opposed to just making them seem bad to get clicks. The world outside online and the media still is based on facts.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
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A couple percent fluctuation that will evaporate by Thursday. Hissy fit drama queens.
The yen carry trade imploded when BOJ raised interest rates... Time to give back a little bit
We've been in a recession. The businesses that closed from COVID still aren't back. What world are people in. It's not all about the market look at main street
Wall street? I think traders were calling this resistance level like a month ago. Big tech lead by Nvidia is pushing it down. Fear is natural. I bought yesterday. It’s actually a good time to buy.
HAHAHAHAHAHAHA. No its not
@@skarscalp8157 so you didn’t buy this dip?
i bought NVIDIA at $92 a share yesterday. I thought that was pretty good.
Do you own any stocks at all?
@@skarscalp8157 It’s up by 16% in one day. Thats not bad. And it’s bouncing off a Fibonacci resistance point. I think most of guess the $95 level but this is in that zone.
The yen carry trade kicked this off. Really the fed should increase rates to let the carry trade to unwind more smoothly
It's almost like these guys get their directions from the people who will massively profit from this... A few %? Nonsense
Clueless
Wages haven't kept up. Consumer spending takes a long time to slow down because people are relying on debt first before pulling the brakes (as irrational as that is) and depleting savings. The economy has a sort of buffer in that way. But none of the core issues are being remedied: wealth is increasingly being absorbed by the upper class with less and less going to the middle class where most of the spending occurs. This WILL slow consumer spending after the buffer is dissolved. This will cause a sort of recession though I am unsure to what degree. You only talk about jobs and interest rates. This is so much larger than two factors. This is a very complicated equation with dozens of factors and you're only looking at two. Clueless reporting.
They are paid to be clueless. Not to mention the stats they parrot are just using averages which is heavily skewed by the oligarchs. You use median data and suddenly the economy is fucked
The world is a ponzi scheme. The few hold the power and they own all the companies. They just give them different names to make you think they are not all one corporation owned by the same 1,000 across the world.
I think the New York Times thinks it's talking to children.
It is left wing
Says the amateur who has no skin in the game.
poor girl with that chipmunk voice !
#KamalaCrash #Bidenomics
The woman has to much voice fry. I had to stop listening.
I keep wondering why no one’s asking the White House about this. Then I remember that you’ve got Democrats there, so I guess we better not bring it up.
Trump had 8 days where the drop was higher than Monday. This is not a 'bad Dem' issue.
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Wall Street needs a bailout!!!!
Trump never would of let this happen
As a businessman he would side with business if good for country somewhat.
But but…. Biden and Harris said that our economy is super good…. Best ever best in the whole world!!!
it is. the best on the planet earth.
That is actually true, despite your seemingly sarcastic comments.
I cought Biden last night at the local Walmart with a price sticker gun, marking up prices on everything, especially food. This inflation is definitely Biden's fault.
And Trump said that Biden and Harris are responsible for Hurricane Debby hitting Florida, and also for that earthquake in the Philippines last week. Right Jimmy.
Yeah. It is.