Big

Something is wrong when an economic downturn in one country sends losses all around the world. I think countries should be much more independent of one another in economic sense to prevent widespread suffering from mistakes in just one country.

When I read something like this, it just makes me feel the system is artificial:

PARIS — Global stock markets plunged on Monday as fears spread that the turmoil in United States mortgage markets is spreading. Indexes in Europe fell as much as 7 percent after a huge sell-off in Asia.

“There’s something approaching panic in the market,” Holger Schmieding, the chief European economist at Bank of America in London, said by telephone. “There’s been a reassessment in the market of the U.S. economic outlook, with most people now thinking that there will be a recession,” and investors are starting to reconsider the idea that the rest of the world “will remain aloof from U.S. problems.”

http://www.nytimes.com/2008/01/21/bu...hp&oref=slogin