Tocks in the US fell again on Monday, dragging the Dow Jones Industrial Average into the bear-market territory—since hitting a peak early this year, it has now fallen more than twenty percent. The Federal judgment of the Reserve to stamp out inflation by raising interest rates is spooking investors. So the precipitous decline of the British pound in foreign-exchange markets. Raphael Bostic, a...
A Fine Economic Mess in the United Kingdom
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