tag:blogger.com,1999:blog-3808227584959676379.post586760309868702385..comments2023-06-28T07:56:10.910-04:00Comments on In Progress: Sept. 18thPeter H of Lebohttp://www.blogger.com/profile/03960259139631190172noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3808227584959676379.post-61972069233140710652009-02-19T15:20:00.000-05:002009-02-19T15:20:00.000-05:00Jim, this may help to shed a little info on the nu...Jim, this may help to shed a little info on the numbers http://www.nypost.com/seven/09212008/business/almost_armageddon_130110.htm (no citations however). Do not know much about the workings of wall street but I am guessing the money left the market and went into the savings of investors (or the investors who were fast enough to sell their shares). The New York Post stated that the withdraw would be about 22% of the Dow, enough to collapse the economy.Peter H of Lebohttps://www.blogger.com/profile/03960259139631190172noreply@blogger.comtag:blogger.com,1999:blog-3808227584959676379.post-71720880627399120282009-02-17T15:56:00.000-05:002009-02-17T15:56:00.000-05:00September 18th indeed! That is an amazingly straig...September 18th indeed! That is an amazingly straightforward report (if true). I have a couple of thoughts:<BR/>1. Who still thinks we have freedom of the press? On Sept. 18th I'm certain there were videos of fires and mistreated dogs, but was the brush with the end of civilization as we know it reported?<BR/>(I don't mean to start a ideological war here. I just find it amusing what is presented as news and what is not. Thank goodness we have the Harvey Blog to report the important news.)<BR/><BR/>2. Numbers after about a few hundred million have little meaning for me. 5.5 trillion in money market withdrawals--what percentage is that of total money market funds. And, where was the money, which was being withdrawn, going?!<BR/><BR/>3. I have never been a huge fan of economics, as either a science or an art, but this is fascinating. Analyzing the problem and finding a solution has all the fun of complex philosophical speculation with the benefit that you can actually verify results (to some extent)!James Rhttps://www.blogger.com/profile/04871338738388893364noreply@blogger.com