It's apparently hard to get economic news at the Washington Post. How else can one explain the fact that it explains the movement of markets over the weekend only in reference to S&P's downgrade of U.S. debt and completely ignores the debt crisis in Europe that could lead to the collapse of the euro. The latter threatens the same sort of freeze up of the financial system that we saw in the wake of the Lehman bankruptcy. It is likely that markets were more concerned about this prospect than...
Published on August 08, 2011 02:20