Will Wall Street Tumult Rattle Main Street?


August pre­lim­i­nary read­ings of con­sumer sen­ti­ment were sharply low­er sug­gest­ing that Main Street is not obliv­i­ous to the tur­moil on Wall Street. Many econ­o­mists have raised the odds of a reces­sion, believ­ing that if the con­sumer gets ner­vous enough, some unfore­seen event like an ener­gy price spike or more mar­ket tur­bu­lence could tip the coun­try into reces­sion.


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