Stuart Loory: Stock markets almost everywhere (last week were) in a virtual free-fall. The stock market has declined 57 percent in Russia since last May. Lloyds bought out the major savings bank in England. Chinese were lining up to cash in insurance policies sold by AIG's Asian subsidiary. AIG, started in Shanghai in 1921, foundered in the United States. The United States as the global beacon of unfettered free-market capitalism was in question. How serious is this crisis, is it a psychological lack of confidence, or are there serious long-lasting financial problems?
Top financial correspondents weigh the world-wide economies
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month.
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.