There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U. S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
I don’t know what the explosion did, but it damaged something deep and irreparable. Never mind. If I get home, I’ll be so stinking rich, I’ll be able to pay someone to do my hearing.