The Great Crash of 2008

Posted by on December 1st, 2008 at 05:42pm

wrote an interesting post today on
Here’s a quick excerpt
If this isn’t a Great Crash I don’t know how to define one. Stocks were down another 7 percent today. Since the peak of last year, major stock indexes have dropped 47 percent. We’re in range of the Great Crash of 1929. Why is the Great Crash of 2008 happening? First, because investors are beginning to understand the enormity of the bubble economy that began to form in the late 1990s when all constraints were lifted on borrowing in order to buy everything that was assumed to be increasing in va

Read the rest of this great post here

Under Uncategorized