Quote:
Originally posted by SunTzu
I don't think the only problem is the market. We will recover from that given a little time. The danger is that the economy is vulnerable to further attacks. Imagine what would happen with another terrorist attack, while stocks are plunging...
Don't forget the real estate market, for the past couple of years banks have been giving 0% down loans. This means that there's a lot more people out there living in homes beyond their means. People are getting loans they can barely afford to pay off. IF something happens to cause mass layoffs, then we'd end up in a true shit hole.
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I agree that another attack on the scale of the 9/11 would cause serious problems, but I have serious doubts that this will happen, though I suspect there will be attacks on a lesser scale.