Thousands of layoffs announced Monday illustrate the pain caused by the credit crisis here in the United States. But as the Financial Times reports, a credit crisis hits less prosperous nations much harder. From Malaysia to Morocco, the crisis, combined with high food prices, has forced some countries More…
With news that President-elect Barack Obama will not attend President George W. Bush’s summit on the global financial crisis, onlookers might be forgiven for wondering, “What’s the point?”
Bush is leaving office in two months, and the responsibility for formulating a policy to manage the world’s economic More…
In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that entrance the king, who has condemned her to die. Investors and traders are currently telling each other fairy tales to buy one day at a time to stave off More…
Calculated Risk offers some nostalgic memories as the Dow Jones Industrials dipped below 10,000 today, for the first time in five years.
March 29, 1999.
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