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nowithstanding the real pain people are feeling, and will fell, the economy dropping 10% is not the eend of the oworld,. as long as this slide doesn’t coniture for long, recovery is the usualy result, and then followed by growth. so a few years of austerity, then things should turn around. the problem is given the goat rodeo of tfgs 2nd term gives me little hope that the things will be fixed. what’s the litlekihood he can turn this around in 4 days or less, orhes somehow removed and it’s easy for me to say “let’s sueeze the stick, boys!” and pass the kd, but there are many who will suffer. all due to one guy, and i think this might be the root, or trigger, of his madness.
entirely self-inflicted nut punches.
and that graph is a bit misleeading;the vertical axis is nnot at zero (the lowest is ~23k, so the 10% last week look larger than it really is. try to find on that goes back to 1950:
also, anyone that sez “biggest drop in history” or just quote the number of points WITHOUT mentioning the %3 is a bad journalist.
