10 October 2008

How Depressing

Dow industrials8451.19-1.5%-18.2%-40.0%
S&P 500899.22-1.2%-18.2%-42.4%
Nasdaq composite1649.51+0.3%-15.3%-41.3%

Seriously. How depressing.

And that could very well be an economic double entendre.

06 October 2008

The Good News...And The Bad

Well, the bad news first: Wall Street is friggin' cliff-diving. After last week's 778 point plunge in the Dow, a 370 point plunge doesn't seem all that bad.

Just remember this: it could have been worse. At one point, it looked like we might have lost 800 points until the markets rallied late in the afternoon.

Which brings us to the kind of good news: oil prices are going down! But then again...not necessarily the best of news, as it's more of a sign of everyone's economy going into the crapper.


Fun, no?

02 October 2008

Holy Crap: Zimbabwe edition


All I can say about Zimbabwe is HOLY CRAP.

Hyperinflation to the point where the problem is so bad, the government knocks off 10 zeros from the currency
in order for the calculators to keep up?

If they didn't do that, then $1 would equal about $10 TRILLION Zimbabwean.

Holy crap.