Drudge Retort: The Other Side of the News
Tuesday, December 18, 2018

Few people on Wall Street remember the last time the stock market had this tough of a December. That's because the Dow and S&P 500 are currently on track for their biggest December loss since the Great Depression. The Dow and S&P 500 were each down about 7.8% through Monday. That's the largest drop for each key market barometer since 1931.



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Everything the------------------- touches dies.

#1 | Posted by reinheitsgebot at 2018-12-18 05:29 PM | Reply

Market instability is drying up business lending. Won't be long now.


US credit markets are grinding to a halt with fund managers refusing to bankroll buyouts and investors shunning high-yield bond sales as rising interest rates and market volatility weigh on sentiment.

Not a single company has borrowed money through the $1.2tn US high-yield corporate bond market this month. If that drought persists, it would be the first month since November 2008 that not a single high-yield bond priced in the market, according to data providers Informa and Dealogic.

#2 | Posted by 726 at 2018-12-19 07:16 AM | Reply

And you can thank the fed for raising the interest rate again. The economy was doing great until they had to screw with it to hurt Trump.

#3 | Posted by Sniper at 2018-12-19 06:22 PM | Reply

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