FourFourSeconds ago, the world experienced a crash.
It was not the kind of crash that you might expect.
The world’s stock market was not on fire, it was not in recession, and it was still on track to deliver another stellar year.
But, that same day, the Dow Jones index hit an all-time high of 21,854.
The Dow was just a little over a million points ahead of its record high of 20,000 on October 31.
But what happened?
A lot of people lost money.
The markets were at a fever pitch.
The global financial markets were not just on the brink of meltdown.
It wasn’t just stocks, it wasn’t only bonds, it didn’t even just commodities.
The markets were in free fall.
And so, as the Dow rose, the market panic ensued.
The stock market had crashed.
The financial markets had been plunged.
It was not until the Dow hit 20,800 on December 1 that things started to calm down.
But then the Dow crashed even further.
In fact, the crash was the most devastating financial event of the year.
FourFourTwo: The stock crash of November 3, 2001In the wake of the November 3 crash, the markets were plunged into a tailspin.
The Dow was down about 5,000 points by the end of the day, wiping out all of the gains from the preceding 24 hours.
And this wasn’t the first time that the stock markets had suffered such a severe crash.
As a matter of fact, stock market crashes are not uncommon.
They happen in cycles, with peaks and valleys.
But this was different.
It would be the worst financial event that had ever happened in the history of the market.
For the next 24 hours, the stocks crashed.
At first, investors were able to return to the stockmarket.
But as more and more people lost their money, the demand for stocks declined, leading to a downward spiral.
Eventually, investors would default on their investments, forcing the markets to collapse.
There were several reasons why the markets had to crash.
One of the biggest reasons was the US Federal Reserve’s quantitative easing program.
Quantitative easing is when the Fed purchases billions of dollars of bonds and other financial assets from banks to purchase more money.
In essence, the Fed is buying trillions of dollars worth of debt.
Quantitative tightening has had a huge impact on the markets.
In the aftermath of the crash, some people took advantage of the situation and bought into the stock-market bubble.
The Fed is no stranger to bubble-spreading, as it is also the biggest market maker in the world.
The stock market has been at a virtual all-star competition, with some investors making billions.
The result has been a huge number of shares being sold off.
The market was in free-fall.
The result of the crisis was that the US government and central banks were forced to borrow more money, creating even more demand for debt.
The debt has caused the US to crash higher than any other country.
It’s a crisis that has affected the global economy for years.
Eight years after the September 11 attacks, the global financial system is still struggling to recover.
The US has already defaulted on over $1 trillion in debt.
The US debt is at more than $16 trillion.
In other words, we’ve already entered another Great Depression.
The global economy is in the midst of a meltdown.
That’s why the US and other major economies have taken drastic measures to shore up their financial systems.
But there are two problems with this approach.
First, the Federal Reserve and the US Treasury are not really central banks.
They’re very much at the mercy of the markets, which in turn are at the whim of the Fed and the Treasury.
Second, the central banks are also not allowed to borrow from the banks.
To make matters worse, the US is the only major country that has the ability to unilaterally decide to take out trillions of new loans at the stroke of a pen.
And this has caused major problems.
The central banks of the US, Japan, and other countries have been unable to get their debt out of a depression.
So now, it’s not only the US that is in trouble, but all of Europe, Japan and others.
It’s a mess.
FourFourSecond: The crash of September 23, 2003In the days that followed the September 23 crash, a lot of investors went into the market with hopes that the market would rebound.
People bought stocks hoping that the markets would get back on track, and investors were hoping that things would get better.
But the market crashed.
The crash came in the form of a global stock market collapse.
The collapse took place just one week after the financial markets saw their biggest selling day ever.
This is the worst stock market correction in history.
There are no easy answers to this