What about regular folks who've been socking away wage earnings in IRAs, mutual fund 401(k)s, and the like?
Watch, Alison Kosik reports for CNN, "Oil price fears crush Wall Street stocks."
And at WSJ, "Dow Tumbles 391 Points Amid Global Rout:
Oil slides below $30 a barrel and China’s Shanghai index falls 3.6%.Plunging markets are harbingers for the larger economy, so the Dems gotta be eyeing all this market turmoil with considerable anxiety. It's been 8 years since the collapse of AIG in 2008, which triggered the Great Recession. The economic crisis helped get Obama elected. Imagine if a similar market wipe-out helps destroy Democrats this year.
Keep an eye on the politics of this. Talk about volatility. And payback's a bitch.
More, at Zero Hedge, "Black Friday."
No comments:
Post a Comment