Actual photo of Larson doing research in 1957.
LARSON BLOG

Friday, November 27, 2009

ONLY $60 BILLION?

Let me get this straight: Dubai World's debt crunch is to the tune of 60Bil... out of 80 billion in the mix. See the story here: http://www.latimes.com/business/la-fi-markets28-2009nov28,0,3567649.story Restructuring, etc ripples through the world markets (and pushes the Dow down today, bigtime) and, according to experts, may slow the "global recovery". A paltry $60 billion does that? Is anyone in Washington (where 60Bil is chump change and trillions are spend without a flinch) paying attention to this? Maybe a few lessons/warnings for DC in the situation?