Dow closes down 679.95

8,149.09

Krugman on CNBC just said we’re in an economic “free fall.” “It looks worse than Japan.” He recommended a $600bn stimulus in the first year. The crisis will likely go on into 2010, and he “wouldn’t be surprised” seeing the recession continue into 2011.


Follow me on Twitter: @aravosis | @americablog | @americabloggay | Facebook | Instagram | Google+ | LinkedIn. John Aravosis is the Executive Editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown; and has worked in the US Senate, World Bank, Children's Defense Fund, the United Nations Development Programme, and as a stringer for the Economist. He is a frequent TV pundit, having appeared on the O'Reilly Factor, Hardball, World News Tonight, Nightline, AM Joy & Reliable Sources, among others. John lives in Washington, DC. .

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