Today was an interesting blip or perhaps even an unravelling of the market... While America took the MLK day off at the stock exchange, the EU took a nosedive over fears that the US recession is a' brewin on the horizon. EU stocks dropped lower than 9/11 levels. This is going to make Tuesday's market all the more frightful and I'm anticipating this being a mad scramble. This seems like a replay of the late 80's Black Monday, but i've heard there's an inevitable crash (housing market and all that) possibly even deeper. My limited understanding of this comes less from facts (I barely have time to read the business section) but more intuition. Having lived through a few recessions and drops in the market price (my own strike price often underwater), I have that wince factor kicks in and can only wonder if we're going to be facing some kind of crisis...
In any case - MLK did have a few things to say on the subject of wage and economics himself, and warongreed.com has come out with a very interesting short docu on Buyout Billionaires...
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