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I will be on BBC Newsday tonight at 10:06 PST live. That’s 6:06 a.m. tomorrow London time.
Topic: Drop in stock prices.
I will be on BBC Newsday tonight at 10:06 PST live. That’s 6:06 a.m. tomorrow London time.
Topic: Drop in stock prices.
Feb 6 2018
Intriguing email from EconLog reader Jason Braswell, reprinted with his permission. Hi there. I'm a long-time reader of your blog who is currently reading your latest book. After reading your first section on the failure of cognitive skills to transfer, I thought you might be interested to know (if you don't alr...
Feb 6 2018
I'm speaking at NYU Thursday at 5 PM. Hope to see you there.P.S. There's still time to buy The Case Against Education in time for me to sign it there!
Feb 5 2018
I will be on BBC Newsday tonight at 10:06 PST live. That's 6:06 a.m. tomorrow London time. Topic: Drop in stock prices.
READER COMMENTS
Antischiff
Feb 6 2018 at 1:05am
Dr. Henderson,
Did you notice that nominal Treasury rates have hardly moved since Friday’s trading opened, but shorter-term real rates have moved appreciably?
Antischiff
Feb 6 2018 at 1:06am
Dr. Henderson,
Did you notice that nominal Treasury rates have hardly moved since Friday’s trading opened, but shorter-term real rates have moved down?
Mark Barbieri
Feb 6 2018 at 7:26am
My pet peeve is all the “biggest one day drop in the Dow” talk. True in points, but not even close to true in the more meaningful percentage drop. It dropped 1,175 points, which was a 4.6% loss. To even be the 20th worst one day loss, it would have had to drop about 1,783 points. That would have been a 7% drop.
To be the worst drop in history, it would have to drop a whopping 5,770 points. What calamity occurred that caused the last drop of that magnitude? It was Black Monday in 1987, which was followed by nothing really noteworthy. The economy was fine and the market recovered.
David R Henderson
Feb 6 2018 at 10:20am
@Mark Barbieri,
Well done.
You’ve covered some of the ground I covered. I found the British interviewer surprisingly open to my not being too worried about the 4.6 percent drop, which I pointed out was only about one fifth of the Black Monday drop.
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