How can the stock market tank this much are not cause a recession?

January 22nd, 2016 at 11:16 am

Well, there’s the stock market and there’s the real economy. They’re related but they’re not the same thing. Here’s why. To be clear, nobody knows when the next recession will hit, so I’m decidedly not saying all clear, happy-dappy! To the contrary, I strongly urge us to be ready for the worst.

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2 comments in reply to "How can the stock market tank this much are not cause a recession?"

  1. Robert Salzberg says:

    “To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.”

    Paul Samuelson, Science and Stocks, 1966

  2. Ben Groves says:

    This is barely a move. Give me a break.

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