David R. Henderson  

Henderson on BBC Newsday

PRINT
Southern Blacks Voted With The... Me at NYU...

I will be on BBC Newsday tonight at 10:06 PST live. That's 6:06 a.m. tomorrow London time.

Topic: Drop in stock prices.


Comments and Sharing


CATEGORIES:




COMMENTS (4 to date)
Antischiff writes:

Dr. Henderson,

Did you notice that nominal Treasury rates have hardly moved since Friday's trading opened, but shorter-term real rates have moved appreciably?

Antischiff writes:

Dr. Henderson,

Did you notice that nominal Treasury rates have hardly moved since Friday's trading opened, but shorter-term real rates have moved down?

Mark Barbieri writes:

My pet peeve is all the "biggest one day drop in the Dow" talk. True in points, but not even close to true in the more meaningful percentage drop. It dropped 1,175 points, which was a 4.6% loss. To even be the 20th worst one day loss, it would have had to drop about 1,783 points. That would have been a 7% drop.

To be the worst drop in history, it would have to drop a whopping 5,770 points. What calamity occurred that caused the last drop of that magnitude? It was Black Monday in 1987, which was followed by nothing really noteworthy. The economy was fine and the market recovered.

David R Henderson writes:

@Mark Barbieri,
Well done.
You’ve covered some of the ground I covered. I found the British interviewer surprisingly open to my not being too worried about the 4.6 percent drop, which I pointed out was only about one fifth of the Black Monday drop.

POST A COMMENT




Return to top