January Market Crash — This was just a prelude to the Global Crisis of 2009
January 30, 2008 at 12:02 PM EST
A couple of days ago, Asian and European stock markets experienced their biggest multi-day declines since April 1990. Tokyo, Bombay, Hong Kong, Frankfurt, London… all lost five, seven, even 8% and billions of dollars in valuation within a few hours of trading. Pundits were quick to attribute the drops to recession fears — not just [...]
