Investors in the U.S. economy being destroyed isn’t news anymore.
John Gruber from Daring Fireball offered some eye-opening links to posts about the state of our economy. He quoted this excerpt from a post by Philip Greenspun:
This evening’s New York Times was worrisome. An inset box showed that the S&P 500 had fallen 4.25 percent for the day, wiping out roughly a year of investment returns. A few months ago this would have been the top story. Today, however, it did not even make the front page.
He also shared these stats from Harper’s Index:
Number of times in 2008 that the S&P 500 closed up or down 5 percent in a single day: 17
Number of times between 1956 and 2007 it did this: 17
