3Qs: Warning signs forecasted latest economic plunge

Last week, the stock market suf­fered its worst stretch since 2008, while Stan­dard & Poor’s down­graded the government’s credit rating for the first time in his­tory. We asked finance expert Jef­frey Born, a pro­fessor in the Col­lege of Busi­ness Admin­is­tra­tion, to weigh in on the S&P down­grade, the impact of fiscal tur­moil in Europe on the Amer­ican economy and the risk of a double-​​dip reces­sion — all fac­tors weighing down investor sen­ti­ment when it comes to the world’s major economies.