By Giordano Bruno — I know a tall tale when I hear one. “Green Shoots are sprouting”, “The Federal Reserve is necessary”, “Inflation will save us”, “Debt is good” etc. But this one really takes the cake. For those not yet aware, on May 6, 2010 for about 20 minutes the Dow Jones index experienced what some are now calling a “flash crash”, causing it to lose approximately 10% of its entire value. It is considered by many to be comparable to the Black Monday crash of 1987. The market went into a panic, and many traders reported being locked out, unable to process buy and sell orders.
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