Aflevering The Claws Of A Bear Market

The meteoric rise of the U.S. stock market over the past two years has come to an abrupt end. A steep downturn recently has led to what’s known as a bear market. But what does that mean, and why might policymakers have to hurt the economy to help it in the long term? Guest: Jim Tankersley, a White House correspondent for The New York Times, with a focus on economic policy. Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter.  Background reading:  - Steep downturns of stocks by 20 percent or more are relatively rare, but how long they last could portend damage. - The last such drop happened in early 2020 as the coronavirus spread. Here’s what else to know about bear markets. For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.