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What’s next?
Tuesday, August 09, 2011 9:25 AM

 Last Thursday, the Dow Jones stock index fell over 500 points. After trading ended last Friday, word came that Standard and Poor’s had downgraded the United States’ long-term credit rating. As this is being written, it’s mid-morning on Monday, and the market is taking another serious hit.
 It’s not pretty. Remember the relief early last week when Congress worked out a last-gasp agreement that headed off a default crisis? Remember the relief that Congress wouldn’t drive the national economy off the cliff after all?

Last Updated on Tuesday, August 23, 2011 8:35 AM

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