Stocks Down Again
July 31st, 2008 by YoungStocks Down Again!
Is there any real relief insight for our stock markets? It’s up; it’s down, more times down than up. Again, everything is based on growth, which is much lower than everyone had expected. And the jobless rate is also getting out of control. I don’t really want to say this but we’re heading for a recession. Just the other day, in New York State the governor ruled that the state was in a recession. And that he was going to cut spending by almost 10%. He did say that he’s not going to raise taxes to get things back under control. If he raised taxes people will move out of the state, I know I would. New York already has the highest tax rate in The United States. Anyway, things need to change fast, everywhere.