The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. This article is written for the people of America, and also parts to people of countries all over the world. It explains that are where many clues to problems that where over looked. Most of our problems occurred from money being to able and readily available. A flip-flop occurred from problems from Asian markets to now European and American markets.
All this money made people feel like they could take more risk and try to increase there profits and economic standing to fast. And as one thing began to go, others soon followed suit cause the house bubble to start the auto gaints problems to much greater problems. People instead of trying to live above there means are now learning to budget and find cheap methods of getting the things they want or need.
