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Ask your kids to leave the room

The final numbers on Wall Street were not pretty today. The S&P 500 index fell more than 3 percent. The Dow dropped almost as much.

Bad news abounds, from U.S. banks (Citigroup stock lost 23 percent today), to slowing retail sales (down 2.7 percent in December), to trouble in Europe's largest economy (fourth quarter GDP shrank by 2 percent), to problems in Asia's economic engine (China's exports fell at the fastest rate in a decade).

Grim.

Oh, and Obama won't have his Treasury Secretary in place on day one.

 

 

http://www.globalpost.com/notebook/commerce/090114/ask-your-kids-leave-the-room