-Paul Krugman, NY Times blog
Image by Disney stylist, Mary Blair
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."
