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Reference

²       http://www.economist.com/

2. International effect

Let’s pay attention to Nightmare on Wall Street.

Even by the standards of the worst financial crisis for at least a generation, the events of Sunday September 14th and the day before were extraordinary. The weekend began with hopes that a deal could be struck, with or without government backing, to save Lehman Brothers, America’s fourth-largest investment bank. Early Monday morning Lehman filed for Chapter 11 bankruptcy protection. It has more than $613 billion of debt.

Other vulnerable financial giants scrambled to sell themselves or raise enough capital to stave of

Thinking Ingredients of Adversity in Time of Prosperity

Xinhua news agency reported that Stocks dive 3.34% to 22-month low in September 11th, 2008--Chinese shares tumbled 3.34 percent on Thursday amid renewed fears of policy uncertainty and corporate earnings decline.

The benchmark Shanghai Composite Index ended 3.34 percent down at 2,078.98 points. The Shenzhen Component Index lost 2.68 percent to 6,876.25 points.

Since the beginning of 2008, Chin