Quick Sum over the Past Week. by Milota Sidorova

According Chinese astrology the year 2008 or a year of a rat was supposed to be a year of risky business. You race, you gain, you loose and back to the start.
What better introduction could one think about?
When we talk about circles it’s exactly what Wall Street looks like this week. Hopefully not loosing trillions like 8 days before, but the main indexes keep on jumping up and down every day. Monday brought a light of hope to Wall Street linking rocket Dow Jones gain of 936 points, Tuesday’s grey signed slight drop of 40 percent, Wednesday came upon as a day D. Dow Jones led down over seven hundred points and Thursday kept gaining 401 points.
One can’t come to any final resolution except of emotions are riding through world markets.
As for the rest of the planet, every trading place declined yesterday except of troubled Japanese Nikkei that recovered plus 11 percent. World markets slow down despite of EU efforts to break through hard times.
President Bush asked Americans to be patient and give the government more time to relief the crisis. Despite of number of unprecedented actions, the lending case remains underwater.
Banks prevent from loans and it sharply affects millions. Those millions who keep focused on two gouts on the only battleground. Are they able to handle such global problem?
What does America really need? Despite the politicians deny further steps to recover private sector, Democrats are calling for another round of ‘social rescue plan’. This time aimed to help the middle class.
Strategists assumed the current situation has exactly shaped definition of word ‘recession’. The most feared one in the most lousy country in the world. The word that might not disappeared few more years.



related story: http://news.yahoo.com/s/ap/20081017/ap_on_bi_ge/financial_meltdown;_ylt=AooEwsmbe56VEoTwJcqg7qqs0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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edited by Beata Biskova