{"id":30587,"date":"2018-02-06T10:02:01","date_gmt":"2018-02-06T15:02:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30587"},"modified":"2018-02-06T10:02:01","modified_gmt":"2018-02-06T15:02:01","slug":"stock-market-plunges-down-1175-sparking-recession-fears","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30587","title":{"rendered":"Stock Market Plunges: Down 1,175 Sparking Recession Fears"},"content":{"rendered":"

Stock Market Plunges: Down 1,175 Sparking Recession Fears<\/a><\/h3>\n
\n

\"stock-crash-dynamite\"<\/p>\n

Many analysts have predicted an economic crisis is just over the horizon. Could the stock market\u2019s recent plunge be the recession they\u2019ve said is long overdue?<\/p>\n

The drop amounted to just a 4.6% drop, which doesn\u2019t seem like much; but\u00a0it\u2019s the biggest decline since\u00a0August 2011,<\/a>\u00a0during the European debt crisis.<\/a>\u00a0But it was nowhere close to the destruction on\u00a0Black Monday in 1987 <\/a>or the financial crisis of 2008.<\/a> Still, for investors watching the steady upward climb since Election Day<\/a>, it was alarming.\u00a0The plunge pushed stocks closer to\u00a0what\u2019s called a correction,<\/a>\u00a0or a 10% decline from their most recent high point. The S&P 500 is down almost 8% from its all-time high.<\/p>\n

Although stocks went into a freefall yesterday, the Dow had been down 1,600 points.\u00a0 A small rally recovered some of the losses. According to CNN Money,<\/em>\u00a0<\/a>the rout in U.S. markets continued to ripple around the globe. Japan\u2019s Nikkei index\u00a0plunged 4% in Tuesday morning trading<\/a>\u00a0while the\u00a0S&P\/ASX 200 in Australia dropped<\/a> 3%.\u00a0The recent sell-off wiped out the Dow and S&P 500 gains for the year and left the Nasdaq barely in positive territory for 2018.<\/p>\n

The trouble in the market began early last week when investors began\u00a0focusing on a number of lingering concerns<\/a>. If the economy gets much stronger, it could touch off inflation, which,\u00a0according to CNN<\/em><\/a>, has been mysteriously missing for the nine years of the post-crisis recovery. But Peter Schiff has begged to differ, saying that the United States has not experienced a \u201cgrowth story\u201d but an \u201cinflation story.\u201d<\/a><\/p>\n

\u201cPeople are dealing with the shock of seeing real inflation for the first time in a while,\u201d said Bruce McCain, chief investment strategist at Key Private Bank. Investors have also been nervously watching the bond market, where yields have been creeping higher. But many analysts claim the next recession will begin in the bond market.<\/a><\/p>\n<\/div>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Market Plunges: Down 1,175 Sparking Recession Fears Many analysts have predicted an economic crisis is just over the horizon. Could the stock market\u2019s recent plunge be the recession they\u2019ve said is long overdue? The drop amounted to just a 4.6% drop, which doesn\u2019t seem like much; but\u00a0it\u2019s the biggest decline since\u00a0August 2011,\u00a0during the European […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[8405,239,7406,6489,1264,6490,1138,18383],"class_list":["post-30587","post","type-post","status-publish","format-standard","hentry","category-economics","tag-black-monday","tag-economic-crisis","tag-european-debt-crisis","tag-mac-slavo","tag-recession","tag-shtfplan-com","tag-stock-market","tag-stock-market-plunge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30587"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30587\/revisions"}],"predecessor-version":[{"id":30588,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30587\/revisions\/30588"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}