The Economic Fallout and Aftermath
Many firms, individuals, and hedge funds went bankrupt or suffered heavy losses due to purchasing commodities at high prices only to see their values decline sharply in mid to late 2008. Many manufacturing companies were also crippled by the rising cost of oil and other commodities such as transition metals.
Read more about this topic: 2000s Commodities Boom
Famous quotes containing the words economic and/or aftermath:
“America is no place for an artist: to be an artist is to be a moral leper, an economic misfit, a social liability. A corn-fed hog enjoys a better life than a creative writer, painter, or musician. To be a rabbit is better still.”
—Henry Miller (1891–1980)
“The aftermath of joy is not usually more joy.”
—Mason Cooley (b. 1927)