life facebook 800 Pts Dow tumbles

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On Wednesday, Wall Street had its worst session of the year, the Dow is down nearly 800 points. And European indices fell. They appeared to be recovering on Thursday when they opened .



The inversion of the yield curve in the United States fuels these fears, because it is perceived as heralding recessions. It means that it is more expensive to borrow in the short term than in the long term. Such a phenomenon preceded each of the last nine recessions .

The panic that is gaining the major financial markets reflects a growing concern over global growth.
Crude oil tumbled 4 percent on weak global demand and rising crude stockpiles.

China reported weak data for July, with industrial output down, falling to its lowest level in 17-years and retail sales, the juice that keeps the Chinese economy growing, came in at 7.6 percent, sharply down from 9.8 percent in June.

The UK is teetering on recession and its pound is plunging.

Germany, the Eurozone's economic powerhouse, saw its Gross Domestic Product shrink between April and June, adding fuel to the recession fears already spreading throughout Europe.
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life facebook 800 Pts Dow tumbles
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