Our Crashing Economy

It seems almost too convenient that a topic such as this should occur on the day of which I am writing this article. This event has definitely proven the stability of this topic to be on going for the next several months. However, the article from which I took notes also proved the complexity of my topic. This crash is certainly not as simple as it might seem. Many people have taken this crash as an indicator of how the American economy will react to an Obama-Biden administration. This kind of most probably false reaction and indeed assumption that the election of Obama is the reason for such a decline is an indicator of the connection the president has the stability of our free market. Part of this I Search paper will follow just how the new president does when it comes to rebuilding the economy. This is the first step in the data acquisition of that section of my I Search. Facts though, point to Cisco Systems as a key contributer of the crash. I find this incredibly interesting that even though a decline such as this one, (10% over two days) had one core catalyst, no seems to be able to pinpoint it. This article and the event of which is was reporting also helps bring to light the severe turbulence of our economy. I thought that it was very interesting that a sharp decline such as this one follows the best economic run-up in 34 years. It certainly proves the sheer ability of our economy to be so volatile. This article also reveals the sometimes peculiar aspect of speculation and the role it plays in our economy. Indeed, many things such as the price of fuel can be influenced heavily by speculation. This article and event provides proof to the influence of speculation in our market. Overall, I was very pleased to find such a great source of information. This is certainly a website that I will be returning to. It provided a wide view of the issues it discussed and did not seem to lean in one direction or another when it came to discussing politics.

Market Takes Two Day Plummet

A warning from Cisco Systems of declining demand and a weak month of October was issued early Wednesday.
As a result, the US stock market has fallen around 10% over the past several days.
The market has fallen 440 points on Thursday and 500 points on Wednesday.
These crashes took place in the last several minutes of trading.
This is the worst decline over a two day period since the October 1987 crash.
A decline was expected due to the large run-up experienced last week.
The run up experienced last week was the best seen in 34 years.
This decline has largely been linked to the election of President Barack Obama despite evidence proving the decline’s link to Cisco’s reports.
This drop has been a day ahead of the October employment report, which is a key indicator to the status of the economy.
The amount of people reaping unemployment benefits has reached a 25 year peak.
It is believed that Thursday’s fall is due to speculation of the report to be released Friday.
Many theories point to the major source of such a plummet being speculation both on employment rates and financial securities within companies.