Trader Thomas McArdle works on the floor of the New York Stock Exchange on Wednesday. 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. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Easy money is losing its magic as global recession fears spread

  • The Fed’s abrupt reversal of a rate hike cycle has succeeded in ramping up anxiety about a global slowdown. In the current climate of fear, bad news for the economy might no longer be good news for markets

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Trader Thomas McArdle works on the floor of the New York Stock Exchange on Wednesday. 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. Photo: AP
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