Monarchy overthrown in Nepal :eek: . Georgia broke up.
Multiple banks failure around the world

.
Gold and Crude oil lost more than 20%.
What is the degree of this correction

?
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Posted by mu200411 on 08-18-07 07:58 PM:
At the ends of Primary Wave corrections many individual investors have gone broke.
Cycle Wave usually ends with bankruptcies of many companies and some governments.
Supercycle Wave ends with collapse of some countries or economic systems.
Ruling classes changed at Grand-supercycle Wave Corrections.
Millennium Wave Corrections ended with the Fall of Empires and civilizations.
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It was the ninth failure this year of an FDIC-insured bank.
That compares with three failures in all of 2007. More banks are in danger of failing this year, agency officials have said.
http://money.cnn.com/2008/08/23/news/companies/kansasbank_closure/index.htm