The "Almost" Crash
Tue, 2014-08-05 19:52
News Staff
by Tom Haughey.
One day last week the stock market plunged over three hundred points, the largest single-day drop since February when we were in the midst of a GDP contraction. This time, however, the signals were vastly different. For one thing the Administration released numbers indicating that in the last quarter the economy expanded at a four percent annual rate.