THE QUESTION
Global financial markets are falling sharply because of America's subprime loan problem. Does this prove that the world remains tied to the fortunes of the United States, or will these jitters soon pass and emerging markets will continue to boom?
FROM THE PANEL
The Tip of A Familiar Iceberg
Some say the latest financial crisis is a small or manageable "deflation" of the U.S. economy. But when a boom cycle inevitably ends, the aftershocks are sure to reveal far greater ills within the economy -- such as the way bankers package and repackage risk into hyped-up piles of indistinguishable paper.
Ali Ettefagh Tehran, Iran |Aug 13, 2007 at 1:34 PM
Regulate Irresponsible Banks, Funds
This latest round of jitters is mostly the result of bad investment decisions in the U.S., yet the spillover effects are felt around the world. American banks rushed to issue loans to borrowers with poor credit histories. Regulating these risk-takers is in the interest of the entire global economy.
William M. Gumede South Africa |Aug 13, 2007 at 1:32 PM
Why Should Stocks Matter To Me?
Brace yourself for my answer: we shouldn't care about financial markets at all. Not that the global economy does not affect us, but it does so in indirect, social ways. The people who spend their time trying to make fortunes through fast New York buys and sells are irrelevant to most of our lives.
Miklos Vamos Budapest, Hungary |Aug 13, 2007 at 9:30 AM
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