Markets at close.
S.&P. 500 closed at 752.44, 54.14 (6.71%) down
Dow (DJIA) closed at 7,552.29, 444.99 (5.56%) down
Nasdaq closed at 1,316.12, 70.30 (5.07%) down
Read to me mommy...
Inflation (erosion of purchasing power)
Recession (significant, persistent economic decline)
Stagflation (inflation + recession)
Deflation (persistent low, really low, prices + declining output and employment)
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