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What is this?
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A bull market is when the market goes up a lot and everyone parties so it keeps going up.
A bear market is when the market goes down a lot and everyone gets depressed so it keeps going down.
Comes from how each animal attacks: a bull thrusts its horns up and a bear swipes its paws down.
An iconic charging bull sculpture sits near Wall Street and the New York Stock Exchange
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What is this?
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Tne full quote from Keynes:
In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
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What is this?
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C is for consumption.
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The massive stock market crash on October 29, 1929 (“Black Tuesday”) that signaled the beginning of the Great Depression
Bad times
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like when the dow does this:
whaddup 2008 and 9?
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Keynes believed that during recessions/depressions supply > demand (too much stuff but not enough people with $$$$ to buy that stuff).
He supported government spending during economic downturns as a way to raise aggregate demand and lower unemployment.
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Hayek believed that the market could correct itself and that any government or central bank policy efforts to restore growth could transform a mild recession into an economic cluster
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