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Dow Plummets as Debt Soars

news.bbc.co.uk

After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion—because that’s where we’re headed.

BBC:

The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.

The board was erected to highlight the $2.7 trillion level of debt in 1989.

The clock’s owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.

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TAGS: debt dow economy market stocks wall street

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By Clash, October 12, 2008 at 3:28 pm #

Our good Senator’s and Representitve’s voted this bail out for the their friends on wall street, socializing the debt while stealing the capitol. So they will print some paper and ignore the 46 trillion dollar deficit in the cooked us treasury books.

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By 1twenty1, October 9, 2008 at 10:49 pm #
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Why not add five more digit positions to make it good to a cool quintillion. Gotta be ready for that inflation monster.

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