Plunges like this only occur when something big is going on.
It’s getting painful: only exceptions were in the early 1950s.
“Hopefully… It’s not the beginning of something really bad.”
“The wheels have come off this quarter.”
Ugly, ugly, ugly. Manufacturing and non-manufacturing.
Look at the Fed’s dashed hopes!
Slack demand and sudden overcapacity.
Leading indicator of trade, economic growth, and geopolitical instability.
A new era has begun for the US and global economy.
Japan took fiscal & monetary policy to outer limits. Now it’s in a recession.