A top economist says that the US could be headed for the worst recession since World War II, and a major Wall Street investment bank is borrowing money from a competitor just to stay afloat. The Dow was down 200 points at midday as a result. Are we on the brink of financial collapse?
Friday, March 14, 2008
That sinking feeling
A top economist says that the US could be headed for the worst recession since World War II, and a major Wall Street investment bank is borrowing money from a competitor just to stay afloat. The Dow was down 200 points at midday as a result. Are we on the brink of financial collapse?
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1 comment:
It's the end of an empire. As a country we produce nothing, export nothing, everything is going down the tubes, and the rich are getting richer and the middle class has no opportunity.
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