⬇️This is a big important topic, and it shouldn't all be shunted into the Trump thread, because there is nothing he or anybody else can do to stop it and it's not all about politics anyways. The next recession is coming because that's how economic cycles work. Let's try to keep the politics in this thread to a minimum. If you want to post about how Trump is exacerbating recession fears through his stupid trade wars, please put that in the Trump thread. If you want to post about how Trump wil
What Is the Stock Market Even for Anymore?
With the economy in free fall, the resilience of share prices defies the misfortunes of most Americans.
In early March, as it became clear that the coronavirus pandemic really wasn’t a hoax but was about to upend American life, I started texting my friend Paul, an investment adviser, about the stock market. Although I worked briefly on Wall Street before succumbing to the wealth and prestige of a career in journalism, I couldn’t