I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday, 7 October 2008

Financial crisis: London stock exchange suffers worst fall in history

Share prices on the FTSE 100 index fell by 391 points - almost eight per cent - on Monday, as the turmoil gripping financial markets intensified. The London fall was the biggest points drop in history and the largest percentage drop since the stock market crash of 1987. It was mirrored by sharp falls in Paris, Frankfurt and New York.
The Dow Jones Industrial Average fell as much as 800 points during the session, slipping below the key psychological level of 10,000 for the first time since 2004.

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