With the debt ceiling decision temporarily resolved, financial markets have quickly turned their attention to the more immediate concerns about the health of the global economy. The major stock indices had already slumped during the debate leading up to the contentious vote, and the declines have only steepened since–for a total decline of nearly 9% since July 22nd. U.S. Treasury yields—amazingly—are striking new record lows. Given the ominous headlines, investors are understandably concerned about the potential for a prolonged slide.

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