Posted on 22 January 2008. Tags: Asia, Class Warfare, Depression, Markets, Recession, Stocks
Across the world, while the markets here are closed, there is a melt down under way. This is a report from The Wall Street Journal’s website: Asian stocks suffered a heavy blow Monday on fears of a U.S. recession, as India’s index set a record with a 7.4% plunge and 5% or more was […]
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Posted in General Interest
Posted on 27 July 2007. Tags: Dean Baker, Housing Bubble, Markets
Before I cite a few reports on yesterday’s collapse in markets around the world, let me pause for these two observations: 1. This was all predictable. My colleague Dean Baker warned of the housing bubble as far back as 2002. And you didn’t have to be a rocket scientist, or even an economist, to feel […]
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Posted in General Interest