Think this is relevant<p><a href="https://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype" rel="nofollow">https://www.npr.org/sections/money/2017/01/04/508261371/epis...</a>
It isn't a crash unless the Dow drops more than 10% in a single day. When it drops more than 20% since the last high, it is a bear market. It's still a market correction adjusting to the Fed increasing the interest rate to control inflation. We should be fine in the near future.
So I read that this drop relies on fears the there will be a spike in inflation due to increases in demand from higher wages and job growth? I am interested to see whether the inflation will really come so easily. I've personally been predicting that production can easily meet large increases in demand given current production tech, and international economic systems where multiple supply chains can reroute around locsl disruptions to production.
This is a dupe of <a href="https://news.ycombinator.com/item?id=16311632" rel="nofollow">https://news.ycombinator.com/item?id=16311632</a>
<i>> As quickly as the market fell, it recovered much of the ground it had lost as investors remembered the economy and corporate earnings remain strong</i><p>Amusing.