Tuesday, September 23, 2008
Group 4 peroid: 12 Stock Market Disaster
The united states of america has gone through a lot crisis, that have involved the deaths of many fellow americans, and the loss of a lot of money. Poverty throughout the nation has risen to the growing problem of our decreasing stock market. The truth is the America is going though a lot of changes, changes that can affect everyone, and these are the facts. Since January 2008 till now the stock market has been on a downward spiral, and one of the worst cases is commercial banks such as Citi Bank, Chase and AIG which some of them now need a staggering 75 BILLION dollars to get out of their troubles. Many of you may not realize that your 401k's and pension plans which you may have worked for more than 20 years may be in danger because companies use our money to try to solve there problems and end up leaving us with nothing. The matter of the fact is that ever since september 11th 2001 america isn't improving but its falling behind and the unexpected can happen any time or day. This fear is huge, and it is real and it affects almost every one of us. With more home forsale, and being foreclosed this problem is hitting close to home to many American families and households. This problem also affects unwed and single people aswell because food and every item is rising in price, and receding in value. There is very little we can do to stop this fgrowing problem. Our foreign dependency on oil isn't helping us either. Oil prices are rising, and gas prices are going out the roof. why do you see people walking? the answer is because many people cant afford gas. Now the problem is different, but is all revoles around our stock market. Our stock market is the center of our economy it is as important as trade, or even more so. So dont look at this problem, and pretend it's not one cause it is, and i hope it gets solved fast.
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