Search Results for: "different"

Animal Spirits: The First Thing to Go in a Crisis

Another week in quarantine so Michal and I continue to record Animal Spirits from the comfort of home. We discuss: Why the end of this crisis will only look obvious in hindsight How long until people start losing their patience? Why fiscal stimulus is so important right now The U.S. response to this crisis shows…

Some Random Thoughts on a Big Down Day in the Stock Market

Here’s what I’m thinking about after watching the stock market fall more than 7% today: The S&P is now down nearly 19% in just 13 trading sessions. These losses aren’t astronomical in a historical context but they’ve happened so quickly that I’m willing to call this a market crash. The problem with market crashes is…