Posted inCurrent affairs
Relax, today’s big stock market decline is no big deal
If you're like me, someone with money invested in the United States stock market, today wasn't fun. All the major market indices dropped considerably, following a couple of declining days last week. The S&P 500 was down 3.0%, the Dow 2.6%, the NASDAQ 3.4%. I don't believe one-sentence descriptions why the stock market rises or falls are worth much, including today's "the market is worried about a possible recession." This doesn't begin to capture the complexities of why markets around the world had a tough time today. For example, lots of investors had borrowed money in Japan, because that country…
