The Crash, etc.

[tw]

Originally Posted by glatt

I didn't read the article but the headline in today's Washington Post said that shareholders lost 700 billion dollars of stock value yesterday. $700 Billion! Ouch.

Maybe a large number for one day. But only a fool views markets in one day's event. Since June, the market has dropped 20%. What is that? $2.3 trillion?

Did we really lose that money or are we learning what our actual net worth is? Are we finally learning that the average joe must will pay for a bubble that so massively enriched the rich and made "Mission Accomplished" appear so cheap? After artificially inflating the economy with debt, are we now just beginning to pay those debts? Is this a meltdown, or did the bills just come due?