Wow was this close to happening? Read this story:
The article goes on to say Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
This is a deflationary period. The Government printing press shall try to re-inflate the system.
We should never have been here. Everyone was asleep at the switch. And stupidity and greed took over.
Richard
richard: what is your prediction,,,,can we as a nation pull out of this tailspin?
Is crazy out there - rough and tough - with a lot of negativity and a total lack of confidence.
what will be the single most important event that will change everything?