WRC News 4 At 5 August 10, 2011
the last 14 trading sessions, the dow has lost 2,000 points, and by my calculation, that's about $2.8 trillion of wealth that has been destroyed. about 20% or one fifth of the annual output of the u.s. economy. so as the market continues to fall in this way, that's going to have real implications of on ordinary people, their 401(k)s, and how wealthy they feel and their ability to spend from here. so it is frankly quite serious. >> yes, it is. when is this going to start stabilizing a little bit? how much longer do we have to go through this? >> i have absolutely no idea, and nobody e...