Thursday, September 18, 2008

here, chicky chicky chicky

Yup, that's right--we're talking about STOCK!

It's okay if you don't get it.

Anyway, we spent a day in History class this week talking about the crashing stock market: between Dow, AIG, Merill-Lynch, and the tragic Lehman Brothers, I came up with the following for the class forum. My teacher liked it. What do you think?

As I understand, the American economy has suffered a few pretty substantial losses recently. Merrill-Lynch was taken over by Bank of America, and Lehman Brothers declared itself bankrupt after giving out too many mortgages that it couldn't maintain. Also, AIG's stock dropped 60 percent, Dow had its worst percentage drop since 2002, but neither of those are as big a deal.

I think the events happening in America's economy today are pretty concerning. Actually, the events happening in America today in general are pretty concerning. But the events in the economy are especially concerning because if there is as little attention paid to them as there has been to most of the other issues lately, there isn't much hope for the American economy.

My only question (that I can think of, at least) is why all of a sudden everything is collapsing.

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