The stock market’s June swoon has carried into July with key indicators pointing to a bear market weighed down by rising oil prices the credit crisis and more bad news from Detroit as the Big Three auto manufacturers reported substantial losses. Meanwhile the G-8 gathered in Japan to discuss global warming and the economy but didn’t include the two largest emerging economies -- China and India -- in the talks. Knowledge at Wharton spoke to Wharton finance professor Jeremy Siegel about these developments and others.
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Knowledge at Wharton