Economy's in for Grueling Hangover

Time to pay for the party

By Matt Cantor, Newser Staff

Posted Sep 21, 2008 6:05 AM CDT

(Newser) – The federal government’s giant bailout plan sparked a stock market surge—but it’s unlikely the economic turbulence will end anytime soon, warns David Leonhardt in the New York Times. “It’s been a long period of excess” lasting over a decade, and... Read full story »

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Economy's in for Grueling Hangover

Time to pay for the party

stock market • recovery • US economy • excess • bubble • financial crisis

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More Newser Stories

Buffett: Economy Still in 'Shambles'

It'll take a while to 'wring out excesses'

18% of US Wealth Up in Smoke Last Year

Fed figures show $11 trillion was wiped out Americans' net worth last year

Bear With It: Stock Market Has Seen Worse Than 2008

Dow lost 14.1% in Oct., but that pales against 30.7% in Sept. 1931

Lehman Is Selling $3B in Shares

Firm seeks to calm fears of another Bear Stearns disaster

Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise

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