Stock Market Crash of 1987
The stock market crash of Oct. 19 is the worst in this century by far.
In light of President Reagan’s fantasy, Reaganomics, with its massive debts, budget deficits and trade deficits this crash was predictable.
Judging by past market crashes, its impact on the United States and world economies is utterly unpredictable. In any event, the near future for us all looks dismal indeed.
It behooves all major nations to convene without delay their financial and economics experts, barring all politicians, to cope effectively with this catastrophe confronting the world.
FRANK A. ZIMANSKI
Coronado
