Rest of the world feels America's pain
There's been a theory that the rest of the world's economies would keep growing even if the U.S. didn't. After a year of subprime mortgage mess, that theory doesn't appear valid. Kai Ryssdal gets the views of economics professor Robert Dunn.
A woman looks at a board showing a stock price index at a stock brokerage firm in Seoul, South Korea, on Tuesday. The Korean stock markets has plummeted following the collapse of Lehman Brothers Holdings Inc. (Chung Sung-Jun/Getty Images)
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From Emeryville, CA, 09/16/2008
Absolutely spot on. Professor Dunn is a mensch. Readers and anyone else are invited to compare Mr. Dunn with Tyler Cowen's scabrous, finaciopathological Mareketplace piece from last October. Here's the link.
http://marketplace.publicradio.org/display/web/2007/10/29/cowen_commentary/
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