Published October 12, 1981
"On Wall Street today, news of lower interest rates sent the stock market up, but then the expectation that these rates would be inflationary sent the market down, until the realization that lower rates might stimulate the sluggish economy pushed the market up, before it ultimately went down on fears that an overheated economy would lead to a reimposition of higher interest rates."
Man listening to TV news announcer.
Photo licensed from the Condé Nast Collection, home of The New Yorker, Vogue, Vanity Fair and other popular brands. Find this and other artwork at the Condé Nast Collection.
Robert Mankoff sold his first cartoon to The New Yorker in 1977, and has been the cartoon editor at The New Yorker since 1997. He is the author of The Naked Cartoonist: A New Way to Enhance Your Creativity and the editor of the best-selling Complete Cartoons of The New Yorker. Mankoff lives in Hastings, New York with his wife and daughter.