Michael Panzner: Financial Armageddon?

By Edward Harrison On Feb 23, 2009

Fellow econblogger Michael Panzner of Financial Armageddon was on Bloomberg TV and radio today telling folks what all of this credit crisis, bear market, nationalization stuff really means for globalization, the U.S. and stocks. He recently wrote a book on this very topic called “When Giants Fall.”

He is not at all upbeat about the prospects for the U.S.. Don’t depress me now, Michael.

Ultimately, the themes he discusses about the Chinese and others using their money to support their domestic economy instead of the West have merit. In his view this downturn means globalizaion is over.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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