Archive for September, 2008

News, News, and More News

Wednesday, September 17th, 2008

Financial Disasters Reported Everywhere you look?

 Financial  Crisis All Over the place?

If you have been following the news and I know most of have as of late.

We have seen all markets being hit by this financial crisis in America and around the world.

Most of the news station are reporting it every day and bring in famous financial experts who have written books about it, spoken on many different news channels and we are seeing alot of what the experts have been saying over the past 10-15 years come into fruition.

Are Americans broke? I mean really are they broke?

Are Americans saving money or just spending it like there’s no tomorrow?

Listen every disaster that has ever come, Americans have been able to recover and no matter what the situation we will recover this financial crisis taking place currently in the markets.

Just other day the stock market literally collapsed and because of worries of the markets, we all have heard of Wall street lately and then all of the major companies being hit.

Examples are as follows: Bear Stearns, AIG, Lehman Brothers, they have brought up again Enron, other major companies.

These companies which  have been around for a 100 years or so.

We are seeing the banking industry fall apart, mortgage industry, real estate, financial services, it looks like the works. Not only have we seen all of this some people are comparing these days to The Great Depression, but as a lot of people know we are not that bad compared to those days.

Some people carry on with their day to day activities paying no attention to what’s going on in the markets and with their investments. But a lot of others are pulling their money out of the markets, simply put there has been so many Red lights when it has come to investing lately that alot of people, have been taking their remaining money and sticking it under their mattrasses.

Emotions are really running high today and this is a repeat of the tech bubble but this one it seems to be to know end. International investors are stilling investing in the US Dollar and alot of others are pulling out and investing abroad.

What are we to do next?

Well we will see until next time.

By Julio Mattos

Getting Up and Taking Action!