But be scared:
Panic about the credit markets instead. Interest rate on 3-month Treasuries at 0.02%; interest rate on high-yield (junk) bonds over 20%. This is an economic emergency.
Krugman Says Don’t Worry About the Stock Market |
|
| By: Ari Thursday November 20, 2008 6:25 pm | |
But be scared:
Panic about the credit markets instead. Interest rate on 3-month Treasuries at 0.02%; interest rate on high-yield (junk) bonds over 20%. This is an economic emergency.
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google: US seeks 300 billion dlrs from Gulf states: report
If this is true..expect the price of oil to rise dramatically.