Archive for Stock Market
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A recession in the US appears unavoidable
From the International Herald Tribune
If history is a reliable guide, the recession of 2008 is now unavoidable.The dismal jobs report released last Friday showed total employment to be lower than it was three months ago. Each time such a slump has occurred since the early 1970s, a recession [...]
Black Monday - The Sharpest Fall
On October 19th 1987, The Dow Jones Index fell from 2246.73 to 1738.41. This was the largest ever recorded drop, almost double that of the 1929 crash . $900 billion in equity simply evaporated as stock markets around the world reacted.