The house on Monday put the 700 billion bailout to a halt. The same day the stock market went down 6% , this might not seem like a lot right now i mean only 6% but when you look at the great depression which was 7%. In the great depression the stock market on black Tuesday went down 7% nearly destroying the economy during that time. Black Monday circulated around the world, people granted this to September 29th because of the great stock market drop.
Sadly i don't know where this is going to lead our economy but at this point it has dropped the stock market world drastically, its hard to say when it will rise back up again.
Friday, September 26, 2008
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