The worst June since 1930. Now wait for July, August, etc. (Thanks to Robert Hiett.) The damage was done during the the Fed’s crazed boom; now comes the correction, which even Bernanke, and all the Fed’s horses and all the Fed’s men, cannot stop. And should not stop. This is reality reasserting itself. But it’s long past time to punish the culprits, starting with Greenspan, Bush, and Cheney.