Further on that instantaneous market
November 23rd, 2008
Calculated Risk just pointed to the joint statement from the Fed, Treasury and FDIC. What I find amazing is that the post was timed at 12:19am, Eastern Standard Time. By the time I looked at it, 1:30am EST, there were already 162 comments.
That says that vast numbers of people globally see Tanta as the go-to source on the financial crisis. Quite right, too.
The instantaneous, global market for financial news
November 23rd, 2008
It’s after midnight in New York and Washington, but both The Wall Street Journal and the Financial Times are reporting that a bailout of Citigroup has just been agreed. The WSJ has far more detail, but what’s interesting to me is that at on a day and time when most Americans aren’t following the news, this breaking information seems to have all but crashed the WSJ’s servers.
My guess is that information-hungry readers throughout Asia are trying to log on and the load is proving far too great for WSJ.com.