The article, by Paul Krugman of the New York Times, "Revenge of the Glut " sheds light on the global financial crisis. It speaks on how the problems in one nation such as England's manufacturing economy have a ripple effect on the German automotive market by them being England biggest auto supplier. Krugman connects the pieces on how the American housing market financiers took high risks on clients for nearly three decades and when the bubble burst the fall out was wide spread due lead to America's huge trade deficit. The "Revenge of the Glut" title comes from the fact that it is a savings glut's revenge and everyone caught in the storm of this crisis are tightening their spending/lending belts to make it through to the other side of this mess which ironically deepens the economy crisis.
Krugman article was meant for everyone. He shows how our economic problems here have an effect on the global scheme of things. He paints the picture of the crisis with a broad, but specific strokes which makes for a interesting read.
