Assignment 6, M.Stevenson

The name of the article is Revenge of the Glut written by Paul Krugman of the New York Times paper. This article is written for the audience of americans who are worried about the economic problem we are having. This article also explains why this problem is happening. Krugman is a professor at Princeton University where he won the noble prize. He basically said you cant blam it on mortagage and loans even if very cheap money is being spent. The author brings a speech to the audiences attention about how the problems started from asia and alot of the glut basically came to the US. This article did inform us on how it started or where it orginated from.