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Feb28

A Recession...Gone Global

Unresolved Economic Crisis Could Destabilize Governments

That was the ABC News headline that summed up a warning Hillary Clinton delivered while on her first trip overseas as Secretary of State. But if you look at other headlines, both here and abroad, one has to wonder if these words of caution are too little too late.

Wall Street Journal: Russia's Industry Slows Far Faster Than Expected

Financial Times of London: Manufacturers Blame Woes on Demand Not Credit

The Globe and Mail: U.S. Crisis Batters Canadian Manufacturing

Los Angeles Times: Japanese Downturn Is Worst In 35 Years

The people of Japan have their work cut out for them. While in the Land of the Rising Sun, Secretary Clinton, like the rest of us,was informed that the country’s Financial Minister was resigning amidst scandal.

In related news, President Obama will visit Canada tomorrow to discuss trade issues.

Comments (1)

  • Eshanvi

    Eshanvi

    18 February 2009 at 00:00 |
    Great insight on the world market with reference to valves.

    reply

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