Given the events of the past two weeks, and particularly of the past two trading days, today's "Big Picture" post featuring video from yesterday's Charlie Rose program is particularly relevant.  Are we having two distinct recoveries (or none at all?) and what is the connection (or disconnect?)  between the long-debated issue of China's economic woes and our future own?  Two videos (less than five minutes total) that explore these questions and are well worth viewing.

Charlie Rose Appearance on Markets & Economy - The Big Picture

Charlie Rose Appearance on Markets & Economy

January 16, 2016 6:00pm by Barry Ritholtz

I got a last minute call from the producers of Charlie Rose yesterday to discuss market volatility — here is an excerpt from the appearance.

A Tale of Two Recoveries

A Tale of Two Recoveries (Jan. 15, 2016) | Charlie Rose - YouTube

Source: Charlie Rose | Jan. 15, 2016

“Which jobs report do we pay attention to as a sign about the economy? Is it the Bureau of Labor Statistics monthly jobs report, or is it the Steve Job’s report, how much Apple is selling on a quarter? And if you’ve looked at those over the past seven or eight years, they’ve been telling radically different stories.” Zachary Karabell, Barry Ritholtz, and Scarlet Fu discuss the U.S.’s uneven economic recovery.

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On the economic “disconnect” in the U.S. and China

On the economic "disconnect" in the U.S. and China (Jan. 15, 2016) | Charlie R
Source: Charlie Rose | Jan. 15, 2016

Scarlet Fu, Zarachy Karabell, and Barry Ritholtz explain the current disconnect between the stock markets and the economies of the U.S. and China — and question whether we’re headed towards an industrial-led economic recession

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