'It looks like the Fed told people to run for cover,' said Keith Wirtz, who oversees nearly $17 billion as chief investment officer at Fifth Third Asset Management in Cincinnati. Many did exactly that on Thursday, selling anything seen as riskier than government bonds. With short-term interest rates already near zero, the Fed is hoping to pull longer-term rates lower and spur consumers and businesses to spend more.īut by telling the world that it will buy longer-term bonds, the Fed in effect recommended that other investors do the same. Treasury bonds and use the proceeds to buy longer-term Treasuries. The central bank plans to sell shorter-term U.S. The Fed's latest plan is to adjust the mix of U.S. The bottom-line worry is that politicians around the globe can't - or won't - take the steps necessary to breathe life into battered economies.

I think the economy is going to tank.'ĭavis, 52, pulled her money out of a mutual fund two years ago after it lost one-quarter of its value, and stashed the proceeds in a low-yielding retirement account.

'I can't afford to lose any more money,' Davis said. Dismayed about the economy and the stock market, the part-time teacher's aide from Frazier Park is considering a return to full-time work to prop up her family's income. The fear is evident among ordinary Americans such as Darla Davis. unemployment and persistent European government debt problems have shaken confidence today. Just as massive loan losses at Wall Street banks threatened the global economy three years ago, stubbornly high U.S. Investors doubted the move would have a measurable effect, and many were jolted by the central bank's bluntly worded rationale, which warned of 'significant downside risks' to the economy. The hailstorm of selling came a day after the Federal Reserve unveiled its latest unorthodox attempt to spur growth. 'The fear is that this is another event of the magnitude of 2008,' said John Bollinger, head of Bollinger Capital Management in Manhattan Beach.

Treasury bonds fell to lows not seen since the 1940s as investors rushed to lock in yields. Asian and European stocks spiraled downward and pulled the Dow Jones industrial average down almost 400 points toward its worst week since the depths of Wall Street's meltdown in 2008. The Federal Reserve's latest move to push interest rates lower failed to assuage investors, who appear to be giving in to anxieties about a double-dip recession. The grim mood was evident worldwide as a cascade of selling in stocks and commodities was triggered by concerns that policymakers lack the firepower and political consensus to revive their faltering economies. No available information.The strain of deteriorating economic conditions and the failure of governments to contain the damage are raising fears that a new financial market meltdown may be unavoidable. Its dominant terpenes are caryophyllene, myrcene, and limonene. Its lineage stems from crossing Orange Valley OG with The Cube. However, it also has a high amount of CBD, with averages falling between zero and 5%.

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