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Posted By Beau7890 1 year, 1 month ago in Business & FinanceWorld equity markets plunged again on Friday, ending a week-long dive that matched falls seen in the Great Crash of 1929.
Amid mounting fears that the frozen credit and money markets posed an imminent risk of a global recession, the pressure for a co-ordinated rescue by the world’s economic policymakers, meeting in Washington this weekend for the G7 summit, became acute.
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Dionys1 year ago
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The falls didn't match or even come close to the falls of 1929. Who's writing this crapola? It's down what, 40 some odd percent? The depression saw a drop of 90%. We're no where near that. At worst we're just over what happened in the 80's with McCain's pals the Keating Five and the various S scandals, or possibly over the 70's.
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Progressive1 year ago
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Wow. Seems it's even worse than the last crash in the 80's, when Senator McCain was a member of the Keating 5 savings and loan scandal.
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