Analysts spooked as a key sign of a recession ‘blares loudest’ alarm since 2007

Economic analysts were spooked Monday as the Dow Jones Industrial Average dropped more than 800 points and other key stock indices plunged in the worst fall of 2019. The drop came amid the turmoil of President Donald Trump’s ramped-up trade war with China.

China’s currency dropped to the lowest point in a decade, the Associated Press reported, following Trump’s announcement last week that he would move forward with a new round of tariffs.

Bloomberg reported in a story headlined “Yield Curve Blares Loudest U.S. Recession Warning Since 2007″:

View the complete August 5 article by Cody Fenwick on the AlterNet website here.