It was just about one year ago when the US stock market saw its largest number just over 14000. From that point until now we have seen the stock market drop over 5500 points, and it continues to slide. Trillions of dollars have vaporized into thin air, that is right multiple trillion of dollars are no more they do not exist. We are seeing the largest drop in the US stock market % wise then we have ever seen over a one year period. We are not the only country facing this which could be a good and bad. Good meaning we are not alone in this struggle, bad meaning there are not many markets to sell good and services too, to get our economy oiled and running again.
Links of interest:
The world market issues
End of Capitalism?
The World Banks get together
Predicting 7000 points being the bottom
Possible GM Collapse GM employs more then 298,800 people around the globe
Sit back and watch this financial and economic ride it looks like it might be an extremely rough road ahead for generations of Americans that have never seen anything like it.
Friday, October 10, 2008
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