As Japan cut down its interest, markets all across the globe reacted positively. The stock market indices, in particular, went up one by one although just a little bit. This positive reaction is a sign that the economies are looking for other indications aside from the United States. The U.S. economy is being battered badly by the ongoing financial crisis and a turnaround is still far from sight. Hence companies and the markets are moving on its own now to ease the impact of the global financial crisis brought by the credit crunch and the sub-prime mortgage crisis. Let’s just hope that the gains from these stock markets will continue so that the world economy can recover faster from the financial turmoil.
Posted by Jones on January 12th, 2009 :: Filed under STOCK MARKET
As Wall Street executives tighten their belts due to the financial crisis, the State of New York is also experiencing a financial hemorrhage. The recent decision by Goldman Sachs not to pay bonuses to its executives could prove to be costly to the state government as well.New York Gov. David Paterson said the move by Goldman Sachs and other companies to forego its bonuses could cost $178 million in tax revenues for the state.
Well, that is a little money to spare if the benefit would be for the common good. The businesses’ decision to give up the executives’ bonuses for this year would certainly help their organizations, and alleviate the impact of the financial turmoil. That would be better than these companies would end up in bankruptcy. However, the governor even said that the state is already in fiscal trouble. If this crisis would last a little longer and the state would be bankrupt. That would be the challenge now for the governor; how to look for other sources of income besides tax generation.
Posted by Jones on January 2nd, 2009 :: Filed under $$$ CRISIS
, EVERYDAY MONEY STUFF
, STOCK MARKET
The recent interest rate cut, even at a record-low, seemed to have failed to lift business confidence. Today (December 18), stock trading at the Wall Street fell. The Dow Jones industrial index plunged by 1.12% or 99.80, the Nasdaq stock market index also fell 0.67% or 10.58 and the Standard & Poor’s index dropped 0.97% or 8.76 points. While some economists previously said the interest rate cut would boost business confidence, the outcome so far was the other way, the investors’ confidence seemed still reeling the effects of the financial turmoil.
The question that needs an answer will be, “When will this financial crisis really end?” the crisis has already brought the economy at its heel. It has been going on since december last year. It seems the government is not quick at resolving the crisis, although Pres. George W. Bush was very quick at dodging away at the shoes thrown at him in Iraq.
Posted by Jones on December 22nd, 2008 :: Filed under $$$ CRISIS
, SIMPLY SCANDALOUS
, STOCK MARKET
The stock market is in dire need of help, even from Santa Claus. Investors are pinning their hope for a “Santa Claus” rally in the stock market trading before the year ends or else the economy would be in a deeper crisis, and comes nearer to depression. Analysts at Wall Street said the Standard & Poor’s index already dropped 39% this year, at the same level in 1937 and the second-worst drop in the history of S&P. A little more bad trading and the index could collapse to 46%, the same rate when depression hits the country in 1931.
That would really be bad. certainly, the economy cannot recover if such poor performance continues in the stock market trading. As such, stock market analysts are hoping for a rally, even just for one day as the year is closing now, to boost the stock market and prevent a record-low this year. Let’s cross our fingers then and by the way, the prices at the stock very low, it seems there is a holiday sale on stocks this year. try and grab some shares now while the prices are very low.
Posted by Jones on December 11th, 2008 :: Filed under STOCK MARKET