Assignment 6 Mward

"Revenge of the Glut" by Paul Krugman in The New York Times sums up the views of Krugman related to the recession of the American economy.suffering from a global paradox of thrift: around the world, desired saving exceeds the amount businesses are willing to invest. And the result is a global slump that leaves everyone worse off. Basically too many investors are putting their money into businesses that are failing, in turn everyone is losing money. Like the reason the housing market crashed was the shady transactions of some banks and lenders, the reason the stock market is crashing is the unwise investments of some accountants and investors. Whether they be purposely invested or not.