Steve Forbes: Disaster Is Upon Us
November 18 — U.S. stocks fell sharply for a second-straight day as worries intensify about the crisis in Europe. In recent trading, the Dow was down 190 points, or 1.6%.
Overnight, Spanish bond yields approached the critical 7% level after a $4.8 billion bond offering garnered lackluster demand. Yields on Italian and French debt also rose as pressured mounted on the European Central Bank to intervene and alleviate the crisis. Read more and watch the video.
