Word: blaming
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Just a short time ago, market watchers argued that if you were to ignore financial stocks, automakers and homebuilders, the economy actually looked hunky-dory. It now appears that thinking was myopic. (See 25 people to blame for the financial crisis...
...right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so. (Read "25 People to Blame for the Financial Crisis...
...When blame can be defined it will be too late to bring back the world we knew...
...psychological barrier on Monday, falling below 7,000 to close down 4.24% for the day, at 6,763 - the first market close under 7,000 since May 1997. The broader S&P 500 was down sharply as well, falling 4.66% to finish at 700.82. (See 25 people to blame for the financial crisis...
Meeting in Brussels for a long Sunday lunch, European Union leaders were supposed to clear the air after weeks of jibes, sneers and slurs over who is to blame for the economic crisis. But after a three-hour meal of goat cheese, beef stew and apple crumble, they emerged as ratty as ever, barely concealing their long-standing gripes and graphically revealing how far the E.U. is from any coordinated response to the downturn...