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Strategies & Market Trends : Strictly: Drilling II

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To: kirby49 who wrote (4129)11/17/2001 2:36:46 PM
From: Davy Crockett  Read Replies (2) of 36161
 
Interesting article...
guardian.co.uk

The perfect storm tears heart out of the US economy

US companies with assets totalling more than $200bn will have filed for bankruptcy by the end of the year, according to Boston's New Generation Research - twice the number of corporate failures recorded in 1991.

It is not the first time that Wall Street has got it wrong. Eighteen months ago it was confident that the good times driven by the dot.com boom would never end. And now, with America in recession, the mood is akin to the generals who marched their armies off to war in August 1914: it will all be over by Christmas
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