After a summer of mostly good news about the American economy, observers and financial markets are suddenly in a renewed state of panic this October. The fall started out looking nice with oil prices falling globally, which is normally a good sign for the typical American consumer and the broader American economy. But it's dangerous to try to draw conclusions from the movement of a single price. As the broader context has become clearer, the message sent by the price of oil's drop has started to look more and more alarming. Then this morning came some distressing new economic data from the Census department that sent bond yields plunging, a typical sign of recession fears.
Read Full Article »
