Why the Fed can't save us (Fortune via Yahoo! Finance)
Story date: 2008-01-22 02:07:00
Added on: 2008-01-22 14:16:17
Forget all those rational explanations about why foreign stocks markets, especially in Asia, have been melting down for two days. Despite what you've read, seen and heard, those declines weren't caused by fears of what a recession in the U.S. would do to the profits of companies whose stocks trade in places like India, China and Russia.
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