Monday, March 17, 2008

ANALYSIS: U.S. economy in crisis as it pays price for greed

By Nehemia Shtrasler

The stock market usually runs on 90 percent economics and 10 percent psychology. On Monday the proportions were reversed.

Fear rules, the future looks threatening and uncertain, and the biggest fear is the collapse of the U.S. financial system.

Because if a large veteran investment house such as Bear Stearns can go bankrupt after 85 years and with 14,000 employees, who can guarantee that this is the end of the crisis? What about Lehman Brothers? What about the banks themselves?

To read the rest click on the title.

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