Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Dow slumps 800 points after bonds flash recession warning

 

August 15, 2019

Richard Drew – Associated Press

Specialists Glenn Carell, left, John 'Hara, center, and Robert Nelson, gather at a trading post on the floor of the New York Stock Exchange, Wednesday, Aug. 14, 2019. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007.

The threat of a recession doesn't seem so remote anymore for investors in financial markets.

The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions. Weak economic data from Germany and China added to recent signals of a global slowdown.

http://www.startribune.com/stocks-slide-after-bond-market-warns-again-of-recession/542095332/


 

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