Prosperity Under Siege

Global markets are sinking. The Mideast is boiling. Japanese firms are collapsing. It's scary out there

Hear that roar? That's the sound of global stock market value going down the drain--some $5 trillion of it since the start of the year, estimates Morgan Stanley Dean Witter. What's that snap? An overloaded world bond market splintering. Oh, and that thud was another large Japanese financial institution collapsing.

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