The Claws of a Bear Market

The Daily

The New York Times

News, Daily News

4.5 • 97.8K Ratings

🗓️ 15 June 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The meteoric rise of the U.S. stock market over the past two years has come to an abrupt end. A steep downturn recently has led to what’s known as a bear market. But what does that mean, and why might policymakers have to hurt the economy to help it in the long term? Guest: Jim Tankersley, a White House correspondent for The New York Times, with a focus on economic policy.

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0:00.0	From New York Times, I'm Michael Vavaro.
0:03.6	This is The Daily.
0:05.6	Today.
0:13.2	There are new fears of a recession after a miserable start to the week on Wall Street.
0:18.9	Stocks plunged Monday across the board.
0:21.4	Why the United States Stock Market has been plunging?
0:25.1	The economists are tossing around a term you don't hear every day, a bear market.
0:32.1	And what it reveals about growing fears that what's required to fix the economy will end
0:39.3	up pushing it into a recession.
0:42.8	I spoke with my colleague Jim Tancersley.
0:47.3	It's Wednesday, June 15th.
0:57.6	And we are solid in bear market territory.
1:06.8	So Jim, a bear market.
1:09.2	Why is it called a bear market?
1:11.5	I want to begin with some trivia.
1:13.2	Well, no one for sure knows, but there are some theories.
1:17.5	At least this is what reading up on it.
1:19.9	This is what I have learned.
1:21.2	The predominant theory is about the way animals attack.
1:24.8	When animals attack stock market version.
1:27.2	So the theory about when animals attack is that bulls, a bull market is a positive market
1:32.3	when stocks go up.
	...

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