This is an article from September regarding the financial crisis and the stock markets taking a huge blow. The article touches on the downward spiral that ensued following a fall in stocks. At the end o the day, Morgan Stanley stated that it had massive losses and was struggling to survive. Some say that it was the day the American era of greatness came to a close. Over the past month, the initial problem has snowballed into an economic catastrophe. Will it continue to worsen and eventually bottom out or can America, and the rest of the world, recover.
'The World As We Know It Is Going Down' 9/18/2008
http://www.spiegel.de/international/business/0,1518,578944,00.html
Sunday, October 19, 2008
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