Breaking news this hour, the Dow soared up 938 points…the highest point climb in a single day ever! This is following 8 previous days of losses. It could soar to the moon; but, unless we get things stabilized…that too, could only add to the unrest. However, getting the the numbers back up into a zone that is positive again is very important to instilling confidence in the market once again. This is good news all around the world as governments have pledged to get behind banking systems around the world. People are breathing a momentary sigh of relief…as the past week or more has been full of doom and gloom which has only added to the financial anxiety. Let’s see what happens now! Will this financial encouragement impact the election at this late date? Do you think those in charge of safeguarding the future have learned anything in this crisis?
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I’m not 100% sure, that those in charge of safeguarding the future has learned anything in this crisis? I hope so.
The question also sure be. Have us as American people learn anything from this crisis?? We been a country that had been buying on credit for years, sooner or later that had to run out. I can honestly say I don’t understand everything about all of this. I keep hearing over and over that this is all because of the housing crisis. You know people buying houses that they cannot afford. But, some how I don’t believe that’s the whole story.
My husband and I only used two credit cards. It’s been that way for over twenty years. I heard that most people have eight to nine credit cards. We try to paid cash for things most of the time. I believe this whole thing, have more to do with people buying things on credit, and the banks keep giving people credit and making it so easy for then to get it.
I just hope the people in charge and the American people really learn something from all of this.