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Market Tests Largest One-Year Drop

Page history last edited by PBworks 11 years, 8 months ago

The Dow Jones Industrial Average has PLUNGED ANOTHER 2,355 POINTS... making this year's losses so far the second-worst ON RECORD– even more dismal than market losses in 1929, 1930, and 1931, among others! [II] The Federal Reserve Bank's balance sheet BLEW-UP with a massive increase in reserve bank credit extended to failing banks and brokers– now totaling more than $2 TRILLION

By and large, the stock market sell-off so far has been mainly due to investors' concerns over housing, and the financial sector — but NOT to any recognition that Main Street America could be in store for a DEEP and PAINFUL recession.

 

 

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