Thursday, October 9, 2008

How bad? Pretty bad...

So the DJIA fell approximately 45,000 points this morning, the S&P lost 322% of its volume, and the TED spread just hopped up about 800 basis points. What does this mean to the uninitiated in global economics?


I reiterate: Things are bad. Let's hope a bit that they don't get as bad as they reasonably ought to.