Friday, September 23, 2011

Markets Are Pounded

At Wall Street Journal, "Markets Swoon on Recession Fears."

Global investors dumped everything from stocks to corporate bonds to foreign currencies and fled to the relative safety of U.S. Treasurys on fears of another recession and a Greek debt default.

Markets, already reeling from economic weakness around the globe, have been further destabilized by a growing sense that governments and central banks are unable to get growth back on track. Stocks began tumbling Wednesday after the Federal Reserve unveiled a new round of economic stimulus, and they kept falling Thursday.

Obviously, we're still a long way toward limiting the volatility. I'm just excited for election season. Economic turmoil brings change, and hopefully this time we'll have something genuinely to believe in.