Not since 1929 has there been a real crash in the U.S. stock markets. Since then the U.S. has had its ups and downs, but nothing that would have seriously damaged the investments of a prudent investor. Other parts of the world have suffered more severely often due to war or simply wild speculation, but for the most part the financial markets have been stable for over 70 years.

But recently, the crash in the housing markets in the US, Europe, and many other places.  That, combined with the rise in the oil prices, and the sinking of the dollar, has caused a severe dip in the markets, one which could easily accelerate into a crash if government incompetence and overspending on privatized wars continues.

We will continue to discuss and blog on this subject as the credit crisis continues.