US stock prices suffered their worst weekly loss in history on Friday, prompting a pledge from global policymakers to implement an aggressive but broad-brush plan to combat the financial crisis.
Finance ministers and central bankers meeting in Washington said they would use “all available tools” to prevent the failure of any systemically important banks after a day of virtually indiscriminate selling in Asia and Europe and unprecedented volatility in the US.
I really didn’t think I would witness another crash in my lifetime. My oh my. Read it all.
“I really didn’t think I would witness another crash in my lifetime”
—Kendall
ANOTHER crash in your lifetime?
In other words, after the 1987 crash, this is number 2 for me. I never thought I would see a number two.