Friday, September 19, 2008
Economic Crisis
The global economy is getting from bad to worse.
Not too long ago, Merrill Lynch was bought over by the Bank Of America.
The Lehman Brothers file for bankruptcy.
And now, Morgan Stanley is desperately looking for someone so it can stay alive.
Ouch. As financial giants fall one by one, one can't help but think that this global economy meltdown is going to last at least till next year and everyone is feeling the heat.
We may cruise out of this crisis, eventually but are we able to break the curse of suffering an economic crisis every 10 years?
link | Kaiz scribble at 4:45 PM
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