By Douglas V. Gibbs
Today stocks continued to fall due to concerns over the Obama economic strategy, high deficit spending, and the concerns over the financial markets in Europe. Today the Dow Jones Industrial Average closed below the 10,000 mark for the first time since November 4 of last year. The Dow finished at 9,908.54 at the closing bell, and looks to continue its downward slide. Combined with high unemployment, and a GDP dependent on unsustainable public sector spending, while receiving no relief from a struggling private sector, it is hardly apparent that a recovery is on the horizon, much less in play at this time.
Some speculation points to a possibility of a commercial real estate market collapse, as well as China joining Europe in the club of financial market instability. The coming worldwide difficulties, combined with the Democrat's policies that are bankrupting America, and possibly leading us to an atmosphere of hyper-inflation, shows us that the claim that the worst is behind us is patently false.
-- Political Pistachio Conservative News and Commentary
Dow Industrials Close Below 10,000 - New York Times
Read the Numbers: Obama Will Bankrupt America - CNS News
Is China's bubble about to burst - Communities of the Future
Was There a Commercial Real Estate Bubble? - New York Times
Commercial Real Estate Is Next Bubble to Burst: Tishman - CNBC
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