Dave Rensberger

The Last Time Globalization Collapsed: Parallels to Today

Let's not blow this out of proportion. At the end of the day, most of the U.S. economy's current troubles can be traced to the herd mentality that resulted in the housing bubble. Granted, this has far reaching implications (including the bailout of Bear Sterns), but lets not use Americans' stupid decisions regarding their houses as justification that this is the end of an era of globalization. I think that era is really just beginning.