The Dow fell below 10,000 today. On the NYSE, 98 stocks rose and 3,114 dropped. No single investment bank remains in its historical form, all having failed or in the process of converting to commercial status. Fannie, Freddie, AIG, WaMu...

Asian Markets are tumbling.

European banks are failing.


Are we seeing the entrance to a second great depression? Or is this a recession? Or something in between?