US Heading into Recession, Possibly Depression
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US Stocks Slump,
DJIA Posts Worst Two Days Since Nov. '08
Sept-22-2011--NEW YORK (Dow Jones)--Investors staged a global flight from risk Thursday that sent the Dow Jones Industrial Average to its worst two-day point drop since November 2008, after a gloomy outlook by the Federal Reserve renewed fears of an economic slowdown.
The Dow Jones Industrial Average fell 391.01 points, or 3.51%, to 10733.83, for a two-day loss of 5.92%. Investors barrelled out of stocks and into "safe" assets
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@JackNeedles You'll get another chance, next year.
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what day did the US dive in2 a recession? i forgot
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Concerning America's headlong plunge into economic collapse: The Chief Magistrate is irrelevant. "Our" money is bought at face value from the privately-owned cartel known as the Federal Reserve, which is neither federal, nor has it any reserves.
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Don't Get Foreclosed On Modify Your Loan go to homesaver(DOT)tk
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we should have a recession in 2001 after the dotcom bubble burst. but came 9-11. bush told everyone to go shopping, not to let Al-Qaeda wins. Greenspan lower the rate to 1%. that was stupid and hubris. this allows carry trade in home mortgage to take place. the home mortgage bubble combines with the dotcom bubble (which it supposed to burst) merge into a giant bubble now burst. commercial mortgage, student loan, car loan, & credit card loan collapse next.
normal capitalism is boom then burst.
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Im no economist but I think theyre not the only ones responsible.
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or maybe legalize and tax weed... i bet the whole world would be richer
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Haha somone said this was bush's plan this has been forseen been closing in for over 40 years he just happen to be in office when it starts happening
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The price of gas has gone from around $3.00 to approximately $4 in a couple of weeks.
The price of a gallon of milk is $4.19 when is was $1.99 a year ago.
The list could go on and on.
chupiperea 3 years ago 3
STOP BELIEVING THE LIBERAL MEDIA.
DOOM AND GLOOM BULLSHIT.
For example: drive by any shopping mall
and you cant find a freaking parking spot.
Just try and eat at any restaurant
you guessed it 30 min plus wait.
Come on folks your not that stupid.
Recession no...just a blip on radar.
ronster064 3 years ago 3