Economic plunge affecting everybody

The current bleak situation that has visited the United States and caused several fears about the domestic as well as global economy plunge seems to deteriorate even more than it did in recent months. The market that has recently overcome another stock fall is predicted to fall into wider troubles, as the Thursday's change is reported to reach a 143 points' loss in the Dow Jones industrial average. In addition, analysts claim the worst part of the recession will just occur in the following period. Th mentioned average is in fact an index system maintained and reviewed by editors of The Wall Street Journal. Its main aim is to provide the public, investors, shareholders and other people engaged in the world of the US economy with the news of bold and heavy amendments in the business. The index adds and handles just a stock with an excellent reputation, monitors growth or decline of it in favor to mostly give the investors the hottest information about their shares. The index serves as a measure to the entire US market covering such diverse industries as financial services, technology, retail, entertainment and consumer goods.The possibility of even deeper recession is most likely to effect exactly the markets of common consumer goods. The fears reflect the opinions and concerns of the entire public, no matter what age or social status. The impact of the sharp loss in the stock market can't be ignored under any circumstances. For instance, the biggest loser among the 30 monitored corporations is General Motors Corp. with a fall of 4.9 per cent. The following consequences are foretold also by the company itself, as it said, "it will slash hundreds of jobs at its auto finance business." This branch isn't the only one that is up to face serious troubles. A chain of grocery supermarkets, Safeway Inc., has experienced a share's decline of 7.1 per cent, an change caused by weakening economy and high food prices.Every US citizen will face the recession, it will happen just in different measure and different ways and hopefully, the bad situation won't have an impact to the rest of the world in a large scale. However, the strongest and most unique nation ameds. Its singularity appear now in not very flattering way.

related story: http://news.yahoo.com/s/ap/20080221/ap_on_bi_st_ma_re/wall_street;_ylt=AmmZqMytKxVLJuN0QPoDGFas0NUE

by Martina Harvanova for PocketNews (http://pocketnews.tv)

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