Wednesday, May 26, 2010

Tighter Credit in Europe Tied to Turmoil in Stock Markets

New York Times
May 25, 2010

Once more, Wall Street is running scared.

As fears grow that Europe could face a full-blown financial crisis, potentially damaging the economy in the United States, investors are abandoning risky bets in the financial markets and rushing for safety instead.

After gaining momentum in recent weeks, this shift is buffeting not only the world’s stock markets but also the credit markets, where the strains seem to be rising almost by the day.


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