Archive for April 24th, 2008

Bonds and Stocks

Who's Afraid of a U.S. Recession?

April 24, 2008

August 9th, 2007 was the day investors caught their first scent of the rot in the subprime mortgage lending market. Many other parts of the global financial system spoiled subsequently. Well-respected analysts have called this debacle the worst financial market breakdown since the 1930’s, and a 62% decline in new home sales from peak underscores […] More