{"id":2319518,"date":"2024-08-05T15:16:01","date_gmt":"2024-08-05T19:16:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-takes-huge-nosedive-as-incredibly-accurate-recession-warning-sign-is-triggered\/"},"modified":"2024-08-05T15:23:32","modified_gmt":"2024-08-05T19:23:32","slug":"stock-market-takes-huge-nosedive-as-incredibly-accurate-recession-warning-sign-is-triggered","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-takes-huge-nosedive-as-incredibly-accurate-recession-warning-sign-is-triggered\/","title":{"rendered":"Stock Market Takes Huge Nosedive as Incredibly Accurate Recession Warning Sign Is Triggered"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstock-market-takes-huge-nosedive-as-incredibly-accurate-recession-warning-sign-is-triggered%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2319518&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A recent disappointing jobs report for July has triggered an economic rule known as the\u2062 Sahm Rule, which has\u200d historically predicted U.S. recessions. The report showed that\u200d only 114,000 jobs were added, \u200cfalling short of\u200c the expected 175,000, while the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-torched-over-disastrous-jobs-report-hes-not-the-next-fdr-hes-the-next-jimmy-carter\/\" title=\"Biden Torched Over Disastrous Jobs Report: He\u2019s Not The Next FDR, He\u2019s The Next Jimmy Carter\">unemployment rate increased<\/a> from 4.1% to 4.3%.\u2064 Following this news, the \u2062stock market reacted sharply, with the\u2062 Dow Jones Industrial Average dropping over 1,000 \u200cpoints and the Nasdaq seeing a decline \u200cof more than 3.9%. The sell-off resulted in more than $1.93 trillion being wiped off\u200b the U.S. stock \u2062market in a single day, \u2062raising concerns about economic instability. Experts attribute this volatility to not only <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-economy-sees-worst-month-for-employment-growth-since-april-2020-small-businesses-hardest-hit-report\/\" title=\"U.S. Economy Sees Worst Month For Employment Growth Since April 2020, Small Businesses Hardest Hit: Report\">disappointing job figures<\/a> but\u2063 also weak corporate earnings, global tensions, and fluctuations in currencies. Claudia Sahm, the economist who developed\u2063 the Sahm Rule, emphasized that while the\u2062 current rise\u200b in unemployment indicates potential economic \u200bweakening, \u2063there are \u200bstill policy tools\u200b available to mitigate the\u200d situation. Additionally, other\u2063 global\u200b markets, including cryptocurrency and Japan\u2019s Nikkei stock index, also witnessed significant declines. In light of these developments, Chicago \u2064Fed President Austan Goolsbee stated \u2063that the Fed is prepared to take action, potentially lowering interest rates if <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/election-key-swing-states-deplore-of-joe-biden\/\" title=\"Election: Key Swing States Deplore of Joe Biden\">economic conditions worsen<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section>\n<p>An economic rule that has predicted every U.S. recession since 1970 was triggered last week with the disappointing July jobs report.<\/p>\n<p>Following Monday&rsquo;s opening, the Dow Jones Industrial Average fell more than 1,000 points, while the Nasdaq and S&amp;P 500 also fell by 3.9 percent and 3.2 percent respectively, on recession fears, <a href=\"https:\/\/www.foxbusiness.com\/markets\/us-stocks-august-5-2024\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a> reported.<\/p>\n<p>The tech stock heavy Nasdaq also fell over 1,000 points for the first time since its inception in 1971.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#128680;<a href=\"https:\/\/twitter.com\/hashtag\/BREAKING?src=hash&amp;ref_src=twsrc%5Etfw\">#BREAKING<\/a>: Over $1.93 trillion has been wiped out from the US stock market so far today as the Nasdaq has dropped over 1,000 points. Officials say the Nasdaq has never been this low, not even intraday. <a href=\"https:\/\/t.co\/gCODgVGri9\">pic.twitter.com\/gCODgVGri9<\/a><\/p>\n<p>&mdash; R A W S A L E R T S (@rawsalerts) <a href=\"https:\/\/twitter.com\/rawsalerts\/status\/1820456778380837353?\">August 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>The weak jobs report &mdash; only <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\" rel=\"noopener\">114,000 new jobs<\/a> were added in July versus the 175,000 anticipated, as <a href=\"https:\/\/www.westernjournal.com\/new-jobs-numbers-come-lower-expected-unemployment-rate-rises\/\" target=\"_blank\" rel=\"noopener\">unemployment<\/a> ticked up from 4.1 percent to 4.3 percent &mdash; helped fuel the sell off.<\/p>\n<p>&ldquo;While Friday&rsquo;s employment report was disappointing, it wasn&rsquo;t the only worrisome economic indicator, only the latest,&rdquo; Greg McBride, Bankrate&rsquo;s chief financial analyst, told Fox Business.<\/p>\n<p>&ldquo;Couple economic concerns with the cacophony of earnings disappointments and weak corporate outlooks, global unrest, and currency gyrations, and you have the recipe for sudden volatility,&rdquo; he explained.<\/p>\n<p>With the latest jobs report, the &ldquo;<a href=\"https:\/\/www.westernjournal.com\/triggered-economist-created-recession-indicator-sounds-alarm-dismal-jobs-report\/\" target=\"_blank\" rel=\"noopener\">Sahm Rule<\/a>&rdquo; is in effect.<\/p>\n<p>The rule, named after former Federal Reserve economist Claudia Sahm, is an indicator of the onset of a recession and occurs when the three-month unemployment rate average increases by 0.5 percent or more compared to the lowest three-month average from the past year, according to the <a href=\"https:\/\/fred.stlouisfed.org\/series\/SAHMREALTIME\" target=\"_blank\" rel=\"noopener\">Federal Reserve Bank of St. Louis<\/a>.<\/p>\n<p>Fox Business highlighted that the unemployment rate average over the last three months is 4.13 percent, which is 0.63 percent higher than the twelve month low of <a href=\"https:\/\/fred.stlouisfed.org\/series\/UNRATE\/\" target=\"_blank\" rel=\"noopener\">3.5 percent<\/a> recorded in July 2023.<\/p>\n<p>&ldquo;That puts it up over its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economist-behind-accurate-recession-indicator-rule-it-just-triggered\/\" title=\"Economist Behind Accurate Recession Indicator Rule: It Just Triggered\">half-a-percentage-point threshold<\/a>, noting that comes off of historical experience, that doesn&rsquo;t necessarily tell us where we are right at this moment, saying a recession,&rdquo; Sahm pointed out in a <a href=\"https:\/\/www.youtube.com\/watch?v=rcSFkc42DDw&amp;list=RDNSrcSFkc42DDw&amp;start_radio=1&amp;ab_channel=BloombergPodcasts\" target=\"_blank\" rel=\"noopener\">Bloomberg interview<\/a> posted to YouTube on Friday.<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/rcSFkc42DDw?si=NS1tso0mqOusNmUQ\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&ldquo;This has seen way too much momentum in the unemployment rate in recent months. I mean, 4.3 percent, right? &hellip; So whether we are at that moment of a recession or not, this is your build into substantial weakening in the labor market,&rdquo; she noted.<\/p>\n<p>However, Sahm went on to add, &ldquo;All is not lost. The bottom is not falling out. We should never panic. There are policy tools, there are levers.&rdquo;<\/p>\n<p>&ldquo;I don&rsquo;t overread one data point, but this isn&rsquo;t one data point. So I think the case now for, &lsquo;Hey, we&rsquo;re normalizing,&rsquo; &mdash; We did need to slow things down some, probably, generally speaking,&rdquo; she continued. &ldquo;But now the question is, &lsquo;OK, so we&rsquo;ve had enough slowing here. What levels this out?&rsquo;&rdquo;<\/p>\n<p>Sahm concluded, &ldquo;And that, I think &mdash; I don&rsquo;t have the answer for that.&rdquo;<\/p>\n<p>Beyond the U.S. <a href=\"https:\/\/www.westernjournal.com\/members-congress-massively-outperformed-stock-market-2023\/\" target=\"_blank\" rel=\"noopener\">stock market<\/a>, the cryptocurrency bitcoin fell 17.5 percent to $50,239 per coin, according to Fox Business.<\/p>\n<p>Further, <a href=\"https:\/\/www.cnbc.com\/2024\/08\/04\/stock-market-today-live-updates.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> reported Japanese Nikkei 225 stock index fell a precipitous 12 percent on Monday, its worst day since the 1987 stock market crash.<\/p>\n<p>Chicago Fed President Austan Goolsbee suggested on CNBC&rsquo;s &ldquo;Squawk Box&rdquo; Monday that interest rates, raised to combat inflation, may be dampening the economy by being too &ldquo;restrictive.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&ldquo;Everything is always on the table, whether that&rsquo;s increases, cuts, etcetera, but the Fed&rsquo;s job is very straightforward,&rdquo; says Chicago Fed Pres. <a href=\"https:\/\/twitter.com\/Austan_Goolsbee?\">@Austan_Goolsbee<\/a> when asked about an emergency rate cut. &ldquo;The conditions come in, we&rsquo;re going to respond as appropriate.&rdquo; <a href=\"https:\/\/t.co\/ds0fhFLloO\">pic.twitter.com\/ds0fhFLloO<\/a><\/p>\n<p>&mdash; Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1820443034275786906?\">August 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If economic conditions continued to deteriorate the Fed central bank will take action to &ldquo;fix it&rdquo; he said, which likely would include lowering interest rates.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An economic indicator that has accurately forecasted every U.S. recession since 1970 was activated last week due to a lackluster jobs report for July. After the market opened on Monday, the Dow Jones Industrial Average plummeted by over 1,000 points, with the Nasdaq and S&amp;P 500 also experiencing declines of 3.9 percent and 3.2 percent respectively amid concerns about a potential recession, according to Fox Business. Notably, the Nasdaq dropped more than 1,000 points for the first time since its establishment in 1971.<\/p>\n<p>The disappointing jobs report revealed that only 114,000 new jobs were created in July compared to an expected increase of 175,000, while unemployment rose from 4.1 percent to 4.3 percent\u2014contributing to market sell-offs. Greg McBride, chief financial analyst at Bankrate, stated that while Friday&#8217;s employment figures were underwhelming, they were not the sole troubling economic sign but rather part of a broader pattern of concern.<\/p>\n<p>The &#8220;Sahm Rule,&#8221; named after former Federal Reserve economist Claudia Sahm and recognized as an indicator of impending recession when there is a significant rise in unemployment rates over three months compared to previous lows within a year\u2014has now come into play following this latest jobs data.<\/p>\n<p>According to Fox Business analysis based on Federal Reserve Bank data from St. Louis, the average unemployment rate over three months stands at 4.13 percent\u20140.63 percentage points higher than last year&#8217;s low of 3.5 percent recorded in July\u2014a clear indication that it exceeds Sahm&#8217;s threshold for signaling recession risks.<\/p>\n<p>Sahm emphasized during a Bloomberg interview that recent trends show concerning momentum in unemployment rates and warned against dismissing these signals as mere fluctuations; however she reassured listeners not to panic as there are still policy measures available for intervention.<\/p>\n<p>In addition to stock market turmoil within the U.S., Bitcoin saw a significant drop of approximately 17.5%, falling below $50K per coin; meanwhile Japan\u2019s Nikkei index experienced its steepest decline since the infamous crash of &#8217;87 with losses around twelve percent on Monday alone.<\/p>\n<p>Chicago Fed President Austan Goolsbee remarked on CNBC\u2019s \u201cSquawk Box\u201d about how interest rate hikes aimed at curbing inflation might be overly constrictive for economic growth and indicated readiness from the Fed to adjust rates if conditions worsen further<\/p>\n","protected":false},"author":1,"featured_media":2319519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/stonks.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[37089,36435,36838,10069,35133],"class_list":["post-2319518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economic-indicators","tag-financial-news","tag-market-trends","tag-recession","tag-stock-market"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/stonks.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2319518"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2319518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2319519"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2319518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2319518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2319518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}