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General News    H4'ed 3/12/20

Something Weird Is Happening on Wall Street, and Not Just the Stock Sell-Off ; By Neil Irwin

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'A sinking feeling reminiscent of the global financial crisis, when all kinds of obscure markets went haywire. Underneath the headline numbers were a series of movements that don’t really make sense when lined up against one another. They amount to signs — not definitive, but worrying — that something is breaking down in the workings of the financial system ;  All this suggests that major financial players are experiencing a cash crunch, and are selling whatever they can as a result. That would help explain the seeming contradiction of assets that should go up in value in a time of economic peril instead falling in value. In its role as lender of last resort, the central bank’s job is to try to prevent a cash crunch in the economy, even if it has to take unusual means to do that.'

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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Susan Lee Schwartz

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(Member since Oct 25, 2009), 22 fans, 20 articles, 4311 quicklinks, 8000 comments, 2 diaries (How many times has this commenter been recommended?)
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We ain't seen nothing yet!!!! This is going to make 2008 look like a mild case of the flu.

Submitted on Thursday, Mar 12, 2020 at 3:21:17 PM

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