European markets confirm the blues

Last night, I posted that things look worse than we thought, in Europe as well as the US.  Today — while those of us in the US are trying to enjoy a day off for Labor Day — European markets sold off heavily.  At this writing (10:30 AM EDT), the French CAC and German DAX indices are down over 5.3%.  The DAX is at a 22-month low.  That percentage fall would be a 600 point drop on the Dow.  Watch out Tuesday!

About jackgoldstone

Hazel Professor of Public Policy at George Mason University
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