Forget the Financial Sector, Industrial Bellweathers are Now Being Hit!
Posted on April 11, 2008 at 09:39 AM EDT
Forget the financial sector, forget the rise in import prices. Wall Street’s problems are now stretching to industrial bellweathers like General Electric. For the first time in 5 years, GE reported its first quarterly drop in profit. Their Financial division was hit the hardest as the Bear Stearns debacle forced GE to write [...]