The Corner

Subject: Dow Below 9,000…

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You wrote “Dow Below 9,000…”.  Far more important is that today credit spreads reached their worst levels since the beginning of the financial crisis. Despite all of the govt interventions globally, the crisis deepens.  Stock markets are just a sideshow to this mess.  Meanwhile, sites like NRO are consumed with horserace discussions about the election, none of the candidates for which have a clue how to solve the crisis.

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