In today’s financial news:
“More than $6.7 trillion has been wiped from world stock markets since the beginning of the year amid concern that the U.S. slowdown would spread and financial institutions would report more losses. The rout, which started in August when credit markets seized up, forced central banks in December to move in concert to inject cash into financial markets in the biggest act of international cooperation since the Sept. 11 terrorist attacks.”
About the Author
Justin Raimondo is the editorial director of Antiwar.com, a senior fellow at the Randolph Bourne Institute, and author of An Enemy of the State: The Life of Murray N. Rothbard
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The Usual Suspects