The Madeleine Brand Show

A weekly look at Southern California life, news, arts and culture, and more. Hosted by Madeleine Brand

Sad banker photos return: market swing just a correction?

by The Madeleine Brand Show

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A trader stands outside of the New York Stock Exchange during afternoon trading on August 8, 2011 in New York City. The Dow finished down more than 600 points Monday after Standard and Poor's downgraded the U.S. credit rating. Mario Tama/Getty Images

They're back. Photos of bankers and Wall Street traders with heads in hands, rubbing their eyes. Though not a strong market indicator, business writer Chadwick Matlin tells us how the photoroll illuminates the larger difficulty of explaining why markets dive as they have this past week. It's significant, he writes in New York magazine, to remember that while markets influence the economy, a few bad days on Wall Street don't necessarily mean the larger economy is melting down. Matlin joins us from New York.

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