Lehman and Merrill and AIG.
Amongst them, almost 1.7 trillion USD was lost overnight. Vanished. Gone. Kaput.
Amazing how so much money can be lost, just.like.that, at the snap of a finger, in the blink of an eye. No apparent warning signs and one after another in quick succession. Gosh even the weather reporter can do better! Are our financial markets so weak? Is global financial meltdown that easy to achieve?
On the other hand, oil prices have been falling steadily for the past few weeks now and it means a slightly fatter wallet for me now as it costs less to fill up.
But its difficult to ignore the signs of impending doom. The full impact of the fallout on the global economy, job market, etc., is yet to be known, and with the US market still looking so volatile, its difficult to say what will happen next. I plowed through the details looking for the silver lining, but I found nothing but dark cloud.
Fasten your seatbelts; its going to be a rough ride tonight.
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