News In Brief

Market mayhem in an economic standstill

Paddy Hirsch Aug 11, 2011

Are we in another crisis? The debate over the debt ceiling, and the subsequent downgrade of America’s credit rating have sent the equity and bond markets spinning, all over the world.

With unemployment still close to record highs — and the U.S. economy still weakened and struggling to recover from recession — these market gyrations are having an exaggerated effect. It’s an enormously important news story, as significant as the story of the 2008 financial crisis. It affects all Americans, from all walks of life, which is why Marketplace is launching a new series on our website.

Our aim is to help you make sense of these events as they occur and ripple through the economy each day. Check back on for more daily updates in our series Market Mayhem/Economic Standstill as this story unfolds.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!