Assignment #6 D. Haun

The article titled "Revenge Of The Glut" by Paul Krugman of the New York Times basically describes how the world attained its current terrible economic situation. Mr. Krugman describes how the Chairman of America's Federal Reserve Bank kind of foreshadowed troubling economic times a few years ago. The author then goes into great wordy detail describing exactly what took place around the world that got countries economically where they are now. Pretty much it rests fault on deregulation and very risky investment moves that shattered into nothing but great losses. Very very bad. I enjoyed the article that was aimed toward anyone wanting to gain a better understanding of the worlds economic crises. I had yet to learn of Asia's involvement in this whole ordeal and found that alone to be very interesting. I have thought this whole thing rested soley on America's shoulders. Thanks for shedding light on this and revealing I was wrong for assuming so. That's what you get when you assume. This article will be forwarded to friends of mine.