[BRIEF NOTE] Global recession ahead?

[rfmcdonald]

aisb23 linked to news that France's Société Générale has been the victim of a rogue trader who lost $7.14 billion US dollars through a series of unauthorized speculations made since 2000, hidden by the trader's knowledge of the financial services company's security systems.

As a commenter at aisb23's post notes, this sort of thing can't help but add to the effects of the United States' subprime mortage catastrophe. The effects of this might well be spreading to the Eurozone, the world's second-largest economy after the United States. If that happens, a global slowdown, or even recession, doesn't seem at all unlikely.