Yesterday the commentary was that we were at stock index levels not seen since 2002. Well, we weren't growing as fast last decade as we were this decade (duh, the bubble was inflated in this decade) and stocks continued to fall today. Today, the markets have closed at levels approximately what they were in mid-1997. The markets will continue to fall.
We have largely given back all the gains of the bush and clinton and bush years.
Welcome to 1997.
Hold on there.
The government you keep re-electing has over-regulated (deregulation is the opposite of the problem in this case) the free market to the point that it finally collapsed under the weight of its own insanity. What were you making in 1997 doing the same job you do today? If you get fired, look for wages about what you would have made back then. The positive side for you as an individual is, if you keep your job and if we keep a capitalist system of government, prices are going to fall to those levels too.
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