Let hope our responses to the next ones are better than “Heckuva job, Brownie”.
Do stock price indices follow a random walk? No, but log stock price indices do…kind of
Reasoned analysis and careful decisionmaking is required.
“Americans are struggling to cope with the fall in today’s markets driven in part by China’s slowing economy and the fact that they actively manipulate their economy,” the Wisconsin governor said in a statement. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests.”
U.S. stock prices as measured by the S&P500 fell almost 7% last week. What’s going on?
Civilian employment falls to 1.3% below prior peak.