Dow sinks 800 points as signs of recession loom

A Radnor Reports bulletin from the Boston Globe –

The Dow Jones Industrial Average sank 800 points, or 3 percent, to 25,479 after the bond market flashed a warning sign about a possible recession for the first time since 2007.

The yield on the 10-year Treasury briefly dropped below the two-year yield Wednesday. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Know as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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