Global Recession

October 24th, 2008 by Young

Global Recession!

President Bush stated that now is not the time for nations to abandon open market policies. Is he kidding me, the U.S. government is buying bank stocks. Is that free open market when the government starts buying stock to take controls of banks? The thing I don’t understand is why isn’t the world considered in a global recession, because we are. If you go to the store today, like I did, I was shocked by some of the prices on food. Things have gone up a ton just over the last few days. I think President Bush and the rest of the world leaders need to get their heads out of their you know what. They think they have all these great ideas on how they’re going to fix things. My question to everyone is, why are we letting the same people that got us in this fix try to fix it? Over the next few months the only thing we’re going to be able to afford is gas for our cars. Now there’s something I thought I would never say, but it’s true. Just the other day past Federal Reserve Chairman Alan Greenspan told Congress that he was in a “state of shocked disbelief.” He’s one of the main reasons behind this problem too. He just got out at the right time. I really have nothing else to say about this. We’re all in the same boat and we all need to work together to get to shore, before we sank.

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Standard & Poor’s 500 index

October 7th, 2008 by Young

Standard & Poor’s 500 index!

The Dow Jones industrials is down 1,400 points or 13 percent over the last 5 days of trading. And the Standard & Poor’s 500 index closed below 1,000 in five years. Come tomorrow morning there will be a ton of stocks trading at or below wholesale prices. There will be so many bargins the Dow Jones industrials just might get some gain back. But I have the feeling that the day for Wall Street will end down. I feel this way because when I look at the global markets I feel sick about it. This is a world wide problem with no real end in sight. If our drops on Wall Street don’t stop soon we will be in a recession for a real long time. I sure hope I’m wrong!

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Enormous Plan

October 4th, 2008 by Young

Enormous Plan!

This coming week will be the true test of the rescue bill. Now that the easy part is over, getting the bill passed, it’s time for the hard part. The hard part will be how the money will go out to help these troubled companies. And the next question will be, will these companies seek the help, because of the rules they will have to follow. With all the fat cats on Wall Street finally on Leptovox, how will they feel about a huge pay cut? I really hope that Treasury Secretary Henry Paulson has this all figured out. This Nation has put a lot on his shoulders already, and there will be more over the next few months. During the voting on Friday, Wall Street wasn’t feeling good and the Dow dropped. So next week will be the real test for Wall Street, and I’m really hope and looking for a great out come. Lets all keep our fingers crossed and hope for the best.

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Wall Street On The Move

September 30th, 2008 by Young

Wall Street On The Move!

What a day today turned out to be. With the Dow Jones industrials moving in the upward by 485 points. Not only did the Dow go up our U.S. Greenback made a big come back. And on top of all that, the price of oil came down. But I’m afraid that there’s a chance that all this can be wiped out tomorrow. And I say this because of the boneheads in the U.S. House of Rep. These people are only voting the rescue plan down because they want to keep their jobs. They think voters back home are going to vote them out if they vote for the rescue plan. I would like to know how they feel know. They have taken part in wiping out a lot of Americans 401k plans. And they need to remember their voters too. Good luck to everyone who votes no on the plan again.

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Bad Day On Wall Street

September 29th, 2008 by Young

Bad Day On Wall Street!

As most of you know already the Dow Jones industrial average lost 777 points today. I really have no words for what had happened today. Not only was it a bad day today, it was the biggest single-day fall ever, beating out the 684 points it lost on the first day of trading after the Sept. 11, 2001. Most of the lost today was because of fair. Investors fair that with the uncertainty in the credit markets that the credit is going to dry up. And that is what is about to happen. And when that happens, businesses will not be able to get through day-to-day operations and will go out of business. Here’s what will happen, if our government doesn’t get their heads out of there you know what we will go into a recession. Or the government can do something and at lease we will have a fighting chance. The way I look at it is, pass the bill now, where going to pay for it either way. At lease we’ll have a chance. If they don’t pass the bill we will all end up paying for it with a recession.

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