“Black Monday,” Hurrican Ike, and Falling Oil Prices: What I

On Monday, the Dow Jones Industrial Average - the bluest of Wall Street’s blue chips - lost 4.4% in a single day. Fannie Mae and Freddie Mac have been “seized” by the government. Oil continues to drop while gas prices rise. Inflation runs high while jobless claims continue to soar and gold falters. What a strange economic cocktail! Let’s look at ..

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