Tuesday, October 7, 2008

small world after all...

"There has been a huge increase in financial globalization just in the last few years...this has made the global financial system a lot more tightly linked, so that big economies are now experiencing the kind of contagion previously associated with emerging markets caught up in the 1997-1998 crisis. We’re all Brazilians now."

-Paul Krugman, NY Times blog

Image by Disney stylist, Mary Blair