Politics & Government

Question of the Day: Economic Fears?

There are ominous signs the economy isn't turning around. What do you think will happen?

There are ongoing, ominous signs on the economic horizon.

Just this week, the Federal Reserve said it would sell $400 billion in Treasury notes coming due, using the cash to buy Treasury bonds due in six-30 years. The move is supposed to push long-term interest rates down, making it easier for corporations and the public to borrow, the Washington Post explains.

The stock markets' reaction: The Dow alone lost nearly 400 points, or 3.5 percent of its value. The S&P 500 suffered similar losses. Commodities dropped, according to the Los Angeles Times.

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And, just this week, could be read in two ways, according to an article by Patch Port Washington Editor For now, the region isn't suffering a significant net-loss in jobs. But, Long Island's job picture isn't showing signs of a full recovery, either.The mixed message has people and public officials worried.

Are you worried about the economy and your personal stake in it?

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Do you think we're headed for another recession, perhaps even a global one?

Are you worried about your house, kids, schools and job?

Let us know your most thoughtful insights on the economy in an email to Joe.Dowd@patch.com. We'll use the best comments in an upcoming story about the local economy. To be in the story, we'll need your real name and hometown.

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