Our financial system is crumbling this week.

[AWvsCBsteeeerike3]

Dow fell a bunch of point today. Should I set all my possessions on fire now or just wait until tomorrow?
http://www.cnbc.com/2016/01/04/us-markets.html

Ok in seriousness though, I feel like our economy is perceived as better than it is. Why am I wrong about that?

The market took a dump because a lot of people feel the stock market is overvalued which is a reasonable argument. Chinese growth slowing down is going to cause people to be less optimistic.

I don't know why today was the day that China's stock market took another dump (even though it is not surprising as it too is overvalued). But, that's the stock market. As many note, it is not necessarily a great indicator of economic strength.

The US economy is seen as strong abroad and by many at home because they will pay their debts and have a long track record of doing so as well as a wealthy, relatively speaking, populous to back them as well as a huge military, not relatively speaking, in case someone wants to do something stupid on top of a huge GDP, relatively speaking.

If you want a guaranteed couple percent on your money, there are few places to better park it than the US Treasury.

[pioneer98]

From Jan 6th:

Stock Markets Shudder After Chinese Stock Plunge Forces a Trading Halt

The market turmoil in China spread around the world on Thursday, as global investors grew more anxious about the country’s currency and the health of its economy.

Major market indexes in the United States ended the day down more than 2 percent.

Earlier, Chinese stocks plunged by more than 7 percent, forcing officials for the second time this week to halt trading for the day — in this case, after just 29 minutes.

After the market mess, the Chinese authorities made a stark reversal, suspending a market mechanism — known as a circuit breaker — that halted trading when losses reached a threshold. The measure, put into effect just this week and intended to help stabilize stocks, may have instead intensified investors’ concerns.

[AWvsCBsteeeerike3]

From Jan 6th:

Stock Markets Shudder After Chinese Stock Plunge Forces a Trading Halt

The market turmoil in China spread around the world on Thursday, as global investors grew more anxious about the country’s currency and the health of its economy.

Major market indexes in the United States ended the day down more than 2 percent.

Earlier, Chinese stocks plunged by more than 7 percent, forcing officials for the second time this week to halt trading for the day — in this case, after just 29 minutes.

After the market mess, the Chinese authorities made a stark reversal, suspending a market mechanism — known as a circuit breaker — that halted trading when losses reached a threshold. The measure, put into effect just this week and intended to help stabilize stocks, may have instead intensified investors’ concerns.

In 100 years, this period of time will be exhibit A in economic classes of how a government can influence a market but can't control it.

[pioneer98]

But in good news:

[heyzeus]

AGAIN

[Jocephus]

12:24
Nelson: Do you have any human emotional reactions to the ongoing stock market crash?
12:25
Dave Cameron: This isn't a crash. The worst thing anyone with money in the market can do is overreact to short-term swings.

[Freed Roger]

AGAIN

Advice -is my Rams clothing better at burning for warmth, or reserving as a layer after all else has tattered to shreds like Jim's workout attire?

[AWvsCBsteeeerike3]

energy is so cheap you won't need to burn clothes for warmth.

[Freed Roger]

heard about this on the news.

This is the best month in years to buy airfare

may get even better.

w/ lack of competition at lambert, I don't think are full benefactors of price drops here.

anybody jumping on it?

[AJ]

heard about this on the news.

This is the best month in years to buy airfare

may get even better.

w/ lack of competition at lambert, I don't think are full benefactors of price drops here.

anybody jumping on it?

For the first time since 09 (when Air Tran was dominant) Milwaukee was cheaper for a flight than O'Hare, I hope that continues as I absolutely hate flying out of O'Hare and love Milwaukee.