July 8 was a scary day for the Twitterverse in the midst of an even scarier month.
It started when United Airlines grounded flights nationwide for nearly two hours, citing “network connectivity” issues. Hours later, the New York Stock Exchange halted trading, blaming technical problems. (It reopened before the market close.)
Where did the freaked-out public turn to make sense of it all? The Wall Street Journal, naturally — which subsequently went down, likely due to heavy traffic. The pseudonymous, Fight Club-channeling finance blog Zero Hedge suffered an outage of its own.
Elsewhere in July, uncertainty and long ATM lines reigned in Greece as the country fell behind on a payment to the International Monetary Fund and banks closed for much of the month, putting daily limits on cash withdrawals. The Shanghai composite index posted both huge drops and the biggest gain in years as the government intervened in an attempt to limit losses.
Meanwhile in Washington, Federal Reserve Board Chair Janet Yellen testified in Congress, and volumes of comment letters on the Department of Labor’s fiduciary rule proposal rolled in.
On General Economic Topics
— Megan Leonhardt (@Megan_Leonhardt) July 24, 2015
Advice to women? “Learn how to deal with Congressmen mansplain to you about the thing you have a degree in,” she did not say. #yellen
— David Gaffen (@davidgaffen) July 10, 2015
Finally. We need a bold plan on how to get rid of them. https://t.co/mDQt5qqqRm
— Comfortably Smug (@ComfortablySmug) July 8, 2015
Actually, every generation is excellent. Small differences in excellence are probably swamped by measurement error.
— Noah Smith (@Noahpinion) July 10, 2015
On China and Greece
China has lost 15 Greeces in market cap in three weeks
— zerohedge (@zerohedge) July 8, 2015
— Katie Martin (@katie_martin_fx) July 8, 2015
With respect to the Greece economy, the EU does seem to embrace the mantra of “The beatings will continue until morale improves.”