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NPR

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5 Of The World’s Smartest Economists Share Ideas On Saving The Economy : NPR

The U.S. economy has been staggered and shocked by the coronavirus pandemic. A stock market meltdown was followed by a more seismic event — waves of business shutdowns, putting millions of jobs at risk.

The moment is unprecedented because we are fighting a deadly contagion and a sudden economic downturn simultaneously. Both health and material well-being are at risk. That makes the way out even more challenging. And there's no guaranteed playbook from past economic downturns to rely on — because this one is like no other.

How They Work : NPR

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Stock Market Circuit Breakers: How They Work : NPR

Under market rules, circuit breakers kick in at three thresholds:

Level 1: A drop of 7% from the prior day's closing price in the S&P 500 triggers a 15-minute trading halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
Level 2: A drop of 13% triggers a 15-minute halt. Trading is not halted if the drop occurs at or after 3:25 p.m. ET.
Level 3: A drop of 20% triggers a halt for the rest of the trading day and trading resumes the following day.

NPR

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Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet : NPR

Trading on the New York Stock Exchange was halted temporarily Monday after indexes plunged 7% in reaction to Saudi Arabia's shocking oil price cut. Trading later resumed and stock indexes recovered some of their losses.

The financial market chaos comes amid increasing worries that the coronavirus epidemic will plunge the global economy into recession.

In early trading, the Dow Jones Industrial Average was down more than 1,900 points — more than 19% off its February peak. Stocks also fell sharply in Asia and Europe.

Expensive Coffee

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Did you know a $5 dollar cup of coffee ☕ can actually cost $150?

Coffee

If you are age 30, and buy a cup off coffee for $5 instead of buying an index fund that has a 9.8 percent return, the average of the S&P 500 over the past 90 years, and let it mature for 35 years, you would end up with about $150, which of course doesn’t include inflation or fees.

The point is every consumer item you buy, is essentially stealing from your future.

We all have to live, spend some money, get enjoyment out of today. But certainly something in a styrofoam or paper cup, that’s going to end up in a landfill or a fire shortly after use should be avoided, especially if you can make due without or find a less expensive option for enjoying today. I drink coffee, but I make it in my percolator pot, using my reusable mug.