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The Dow has slumped 9.4 percent this month, its worst June since an 18 percent tumble in 1930 during the Great Depression. All 30 companies have posted losses in the month as oil surged, the unemployment rate jumped to the highest since 2004 and concern grew that global financial firms will add to $400 billion of subprime-related writedowns.
Quan Nguyen
Côte-des-Neiges Northeast, Quebec, Canada
Most RecentMost Recommended Comments (3)
at 17:20 on June 26th, 2008
This is shocking news, although not too surprising, but I wasn't aware the figures were that low.
at 17:47 on June 26th, 2008
Ditto...though you can not compare the difference of economic suffering to the depression.
at 17:53 on June 26th, 2008
No of course not.