New York
IT may be time for everyone to take the markets seriously again.
As stock prices started tumbling in the first trading days of the year, many Wall Street professionals were tempted to describe the declines as the sort of adjustment that the market has gone through in recent years before moving higher.
But that optimism evaporated this week as the selling intensified. Concerns are now growing that the markets are signalling that the US economy, despite its recent bright spots, is on the verge of a slowdown.
The fear is that economic problems in China have set off negative reactions around the world that could ultimately weigh on American households and corporations.
Last Friday, stocks in...
Keyword added to your list