The price of oil is near $100 a barrel. Global credit markets are in disarray. The world seems to be slipping toward recession. What's going wrong here?

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Posted by David Ignatius on November 19, 2007 11:07 AM


Swaminathan S. Anklesaria Aiyar is the Consulting Editor of The Economic Times, India's largest financial daily. He writes a popular weekly column, titled Swaminomics in the Times of India. He spends roughly half the year in New Delhi and half in Washington D.C., where he is a research fellow at the Cato Institute and an occasional consultant to the World Bank. He has been the editor of India's two main financial dailies, The Economic Times (1992-94) and Financial Express (1988-90). He was also the India Correspondent of the British weekly, The Economist, for most of two decades between 1976 and 1998.

Global Economy Looks Better Than Ever

A mild American recession is an overdue warning to America to curb its consumption. But it won't cause a global meltdown.

Swaminathan A. Aiyar New Delhi, India | 42 COMMENTS
Nov 19, 2007 at 11:25 AM
Jack Fairweather was the Daily Telegraph's Baghdad and Gulf correspondent for four years, winning the UK's award for war reporting. He is currently based in Washington, D.C. He writes for the Atlantic Monthly, Mother Jones, and Harper's Magazine, and regularly reports from across the Middle East.

Digging Toward Economic Decline

Jack Fairweather Washington, D.C., USA | 61 COMMENTS
Mustafa Domanic is an online activist and blogger. He contributes to several blogs on Turkish current affairs as well as global political issues including

Energy Squeeze Could Mean War

Mustafa Domanic Istanbul, Turkey | 13 COMMENTS
Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish.

The Wreck of Reckless Finance

Ali Ettefagh Tehran, Iran | 13 COMMENTS

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PostGlobal is an interactive conversation on global issues moderated by Newsweek International Editor Fareed Zakaria and David Ignatius of The Washington Post. It is produced jointly by Newsweek and, as is On Faith, a conversation on religion. Please send us your comments, questions and suggestions.