To the Point
Is the Global Economy Still Stuck in Recession?
After three years of smooth sailing on Wall Street, investors were almost complacent, but then the New York Stock Exchange began to jump up and down. On October 8th, the Dow Jones Industrial Average had its best day of the year. Last week, it suffered its worst loss. Is worldwide economic recovery being put on hold?
By Warren Olney • • 52m ListenAfter three years of smooth sailing on Wall Street, investors were almost complacent, but then the New York Stock Exchange began to jump up and down. On October 8th, the Dow Jones Industrial Average had its best day of the year. Last week, it suffered its worst loss. That’s “volatility” by anyone’s definition, especially when the US economy is humming along. But Europe’s in big trouble—and Asia is in a stall. We’ll look at other signs that are giving investors the jitters. Is worldwide economic recovery being put on hold?
Also, Turkey allows Kurdish fighters inside its borders to fight the Islamic State, and two West African countries have stopped Ebola “dead in its tracks.”
Banner Image: Traders gather at the post that trades IBM on the floor of the New York Stock Exchange October 20, 2014. U.S. stocks were mixed on Monday, as the S&P 500 and Nasdaq advanced, but the Dow fell as quarterly results from IBM disappointed. REUTERS/Brendan McDermid
