This was a busy month

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Whew! What a month October was.

Is it just me, or did it feel like it was three months long?

Things happened so quickly, and there was so much news -- at least in the economy -- that it seemed like I had to pack three times as much information into my head.

Here's why -- thanks to a review from the Associated Press:

* The Dow plunged 2,400 points in the first eight trading days of October. 

*Congress passed a $750-billion bailout package.

*The credit crisis squeezed Wall Street institutions big time, forcing banks not to lend money.

*Huge chunks of retirement savings were taken out of stocks.

* The world realized it was in a recession.

* The government took equity stakes in banks.

* Wall Street trading swung more wildly than it ever has.

* Polticians bickered, and we readied for an epic election after an equally epic campaign.

We'll see if November is any busier. Then again, as I say that, I'm glancing at a web site's split screen of the two presidential candidates. Forget it. Next month's going to busy.

All right. Bring it on, world. These are historic times.

 

 

 

 

 

 

 

 

About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Ryan Carter published on October 31, 2008 7:29 PM.

DOW closes up 144 to end terrible month was the previous entry in this blog.

Traders mum; Asian rise; Short Circuiting City; GM sinking is the next entry in this blog.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
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