Nmherman on Sun, 21 Jul 2002 00:00:02 +0200 (CEST)


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[Nettime-bold] Ha ha ha so all sudden we're Depression-Era artists now.





People worry that, with $7.7 trillion knocked off U.S. market capitalization since March 2000 ($750 billion in the past week alone!), the selling will bleed into the economy, not just snuffing the recovery but sending the country into a deflationary episode like the one Japan labors under. Or like the U.S. strained under in the 1930s.



http://money.cnn.com/2002/07/19/news/crash2002/index.htm