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Stocks crashing ahead of Key decision on 6M unemployed benefits.

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December 12, 2011 – Comments (0) | RELATED TICKERS: TNA , BGU , EDC

If Congress does not extend unemployment benefits by end of this week, then 6 million households in the USA will go under and cause a dramatic downward shift in GDP estimates for 2012.

 

That is what today's crashing market really is about.

 

Unemployment benefits extension: What's at stakeBy Tami Luhby @CNNMoney December 12, 2011: 5:15 AM ET

  http://money.cnn.com/2011/12/12/news/economy/Unemployment_benefits_extension/

 

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