“When America Sneezes, the Rest of World Catches a Cold.”

“When America Sneezes, the Rest of World Catches a Cold.”

That was a remark I heard last night on The BBC in regard to our financial crisis and the inability of Congress to pass the proposed Bailout Bill.

The BBC: US failure hits European shares

The New York TimesAuthorities Aid Banks in Europe

The turmoil that has rocked the United States banking system spread to Europe on Monday, buffeting institutions in at least four countries with a chain of new failures.

As more banks fail in Europe, we should be mindful that we live in a Global Economy.

Aimee
“Aim for Understanding”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s