NEW YORK (CNNMoney.com) -- Stocks tanked Tuesday afternoon, after a report showing a big slowdown in the services sector of the economy amplified fears that a recession is underway or imminent.
With just over 2 hours left in the session, the Dow Jones industrial average (INDU) had lost about 300 points. Should the blue-chip index end where it stood at roughly 1:45 p.m. ET, it would be the Dow's second biggest one-day point loss of the year.
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A country which runs a trade deficit can only move money around inside its borders, it can't prosper. As the rich continue to get rich, they are doing so to the detriment of the lower and middle classes.
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