This Is a Correction, Not a Meltdown

Unless the damage spreads, let's not overreact to subprime's travails

"Meltdown" is a vivid word, isn't it? It must be, or market pundits and financial writers wouldn't use it so often. Meltdown conjures up images of Three Mile Island or Chernobyl, where all that remains in the aftermath is a useless radioactive hulk.

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