Just a couple of quick blurbs about the impact of the U.S. market slowdown upon the global economy:
Deutsche Bank AG said Tuesday that it expects first-quarter write-downs of $4 billion due to “significantly more challenging” market conditions triggered by the U.S. subprime collapse.
And:
Confidence at major Japanese manufacturers worsened to its lowest in more than four years as the plunging dollar, soaring fuel prices and fears of a U.S. slowdown weighed on the economy.
The closely watched quarterly central bank “tankan” survey, released Tuesday, showed the index for large manufacturers’ business sentiment fell to 11, down from 19 in the survey released in December.
Our mistakes are having an impact on everyone else. We must be more vigilant in all of our dealings. Connect the dots. Follow the money.
