Mike Englund is chief economist at the research firm Action Economics.

NPR: Financial Markets Tumble Amid Credit Crunch

Mike Englund says that's how the market has been lately.

NPR: Financial Markets Tumble Amid Credit Crunch

Mr. MIKE ENGLUND (Founder and Director, Action Economics): Overnight, we found banks in Europe, and in France in particular, had liquidity issues, which raised the question: Are the problems we're facing here in the U.S. rippling through across overseas?

NPR: Financial Markets Tumble Amid Credit Crunch