As markets around the world have suffered losses over fear of a credit crisis, Floyd Norris, the chief financial correspondent for The New York Times, talks about where this problem stems from and whether this will lead to a global recession.
So far it sounds like most of those running scared at the moment are those who borrowed irresposibly, be it home-owners or banks.
For those who resisted and kept or gathered their cash (me? China? Europe?) I can't imagine why this market isn't perfectly suitable...So long as the Feds "Free Market Committee" doesn't step in, of course!
Aug. 10 2007 10:15 AM
Score: 0/0
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more.
Learn more. Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm
your comments. Names are displayed with all comments. We reserve the
right to edit any comments posted on this site. Please read the
Comment Guidelines before
posting.
By leaving a comment, you agree to New York Public Radio's
Privacy Policy and
Terms Of Use.
Comments [1]
So far it sounds like most of those running scared at the moment are those who borrowed irresposibly, be it home-owners or banks.
For those who resisted and kept or gathered their cash (me? China? Europe?) I can't imagine why this market isn't perfectly suitable...So long as the Feds "Free Market Committee" doesn't step in, of course!
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.