Tuesday, November 11, 2008

Bailouts don't work - Wall Street continues to dive

Wall Street caved in to its economic anxieties and closed lower Monday, giving up an early rally over a stimulus package in China and refocusing on the acute pullback in spending that is pummeling U.S. companies. Despite the spin from analysts, the market recognizes that a problem created by a debt inflated bubble won't be solved by more debt.

read more | digg story

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