Samsung Electronics reports first quarterly loss
By KELLY OLSEN, AP Business Writer
22 Jan 2009
SEOUL, South Korea – Samsung Electronics, the world's largest manufacturer of flat screen televisions, memory chips and liquid crystal displays, posted its first ever quarterly loss Friday as the global economic slump hit prices and demand for mainstay products.
[emphasis added]
The economic malaise seems not to be limited to the U.S.
What happened to the "decoupled" global economy?
... Oh, yeah - that was another conservative myth... along with "self-regulation".
Add "decoupled global economy" to the list of economic/financial oxymorons.
Have a nice day.
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