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 | I just got my Fidelity IRA statement and don’t have the guts to open it. So far this morning, the Dow has fallen almost 360, with many wondering if it will lose 1,100 before 2pm triggering a suspension of trading. Something has to be done to quell fears of a national/international recession bordering on depression. Yes, emotion is driving the market, but their [...] $700 Billion down the hole and the Dow plunges 500+ this morning. That Hank Paulson’s a genius. This American Life has a fantastic, ground-level primer on the “credit crunch” (it’s in the commercial paper marker, where $100 million is chump change, not down at the small business level). If you’re in the least confused – or curious – about what’s really been going [...] The nation’s unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. The Labor Department’s report, released Friday, showed the increasing toll the housing, credit and financial crises are taking on the economy. …The Dow Jones industrial average was [...] |      | ||||
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