Recession Nightmares Coming True?

The Recession that I warned about last December may have come to pass. Bad news from the stock market today all around: Dow down 3.5%, nearly 4 earlier. Durable goods, a key indicator, are throwing up horrible numbers. Worst of all, it looks like the Chinese market is shitting its pants.

Strap yourselves in, we may be taking an unhappy detour.

Update: Things are worse than I thought

"Trying to limit the declines, the New York Stock Exchange said it imposed trading curbs as of 1:03 p.m. ET, around the time the Dow slipped 200 points, CNN confirmed."

Welcome to Black Tuesday.

Hat Tip: Matt Santos