Markets: Keeping the Bears at Bay
For a moment there, it was looking like a classic financial crisis: First, fear from the spreading subprime loan mess, then panic, as investors tried bail out en masse. "If enough people decide this is a global meltdown, they can make it happen," says Paolo Pasquariello, a professor at University of Michigan's Ross School of Business who studies financial crises. "The Fed is trying to prevent a self-fulfilling prophecy from taking place."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
- Uber Losing Battle in London After Regulator Revokes License
- How Electric Cars Can Create the Biggest Disruption Since the iPhone
- Mercedes Plots Tesla Attack With $1 Billion U.S. Electric Push
- Hewlett Packard Enterprise Is Said to Plan About 5,000 Job Cuts