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October 24, 2007

All Business: Nowhere to hide for investors today

  • The U.S. credit crunch is affecting other nations, so you can't just throw cash overseas and count on happy returns.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — In today's financial world, there's nowhere to hide from each other's economic woes.

    For investors smitten by the global economic story, that's something to remember. As evidence mounts that the U.S. housing and mortgage collapse isn't just a local problem, they can't expect the economies of other nations to keep chugging along without any effect.


     
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