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How Low Can It Go?

If you weren’t already a little nervous about where the economy is heading, today should give you plenty of reason to start worrying. Stock markets in Asia

Jul 31, 2020
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If you weren’t already a little nervous about where the economy is heading, today should give you plenty of reason to start worrying.
Stock markets in Asia and Europe already are reporting heavy sellingover fears about the U.S. economy’s problems. There’s no telling what will happen on Wall Street today as a result, but investors are bracing for the worst. Over at blownmortgage.com, they’ve decided it’s going to be such a rocky ride that they’ll offer $5 to the person who guesses correctly the value of the Dow at the close of business today.
So much for the notion that Federal Reserve Chairman Ben Bernankeexpressed last May. He said then that problems with subprime mortgages weren’t likely to spread to the rest of the economy.
Now, it seems, they’re spreading to the rest of the world.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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