Tuesday, September 30, 2008

Wall Street plunges further, further and further

The American Senate has blocked the proposed bail out and financial markets across the world will feel the effects of this decision. The Dow Jones yesterday dropped with almost 8 percent and the rest of the world is most likely to follow soon. What a lot of people don't you know, except from the fact that this crises will go on for a little (?) longer, is how this will affect "mainstreet". The following discussion between a market analyst (pro Bail Out) and a radio show host specialised on US financial markets (anti Bail Out) gives you a good overview of what is happening and what is at stake. A credit crisis is looming, so it seems.

Click here for the discussion