View source for 2008-01-22 To Some, the Widening Crisis Seems Driven by Fear, Not Facts

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<let name=data index=Date>2008-01-22}}
{{data.pair|Topics|\US economy\global economy}}
{{data.pair|URL|2=http://www.nytimes.com/2008/01/22/business/22stox.html}}
{{data.pair|Title|To Some, the Widening Crisis Seems Driven by Fear, Not Facts}}
{{data.pair|Text|&ldquo;Mr. Yardeni warned, however, that in a time of panic and fear, less attention is paid to fundamentals, like a fairly tight United States job market and strong growth and the extraordinary buildup of foreign exchange reserves in emerging markets. The result is panic selling and the prospect of a global recession. “People are creating the financial violence that they hoped to avoid,” he said.&rdquo;}}<noinclude>
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