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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Stock Volatility Datapoint of the Day
We're used to big stock-market swings in the last hour or even half-hour of trading. But the last ten minutes? The Dow was at 9,350 at 3:48; ten minutes later, it was at 8,960. That's a drop of almost 400 points, or 39 points a minute.
At that rate, it would have taken just 230 more minutes -- less than four hours -- to go all the way to zero. Never have those decimal points in Dow reports seemed so silly: we're rapidly reaching the point at which all you can do with any meaning is round to the nearest thousand.
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