On Demand
Market Woes
Friday, August 10, 2007
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.
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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!
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