Is this good news?
Dow slumps as financials tumble Lehman Bros. shares fall 10% and slam financial stocks. GM's May sales fall 28%, worse than expected, and the car maker will close more plants. Bernanke suggests Fed is done cutting interest rates. Crude oil falls under $125. and the Dow drops another 100+ points.
Well, it's partly good. It's good that the Federal Reserve is done cutting interest rates. That's been doing more damage than good. Crude keeps falling, which, if you ask most people, is VERY good, hopefully decreasing the price at the pump. But, seeing the stock market fall is isn't good. An economy that isn't growing either means it's stagnant or shrinking decreasing the amount of jobs, spending and wealth.
No. Bernanke can't do anything. He's not that smart. Clearly. Or he's tied because lowering the interest rate can only do so much. The problem is that the feds are spending too much money. We can't be in debt forever. There is a limit to deficit spending.
No, Good news would be that the Federal Reserve was being dismantled!
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why has it gotta be me???=(?
What if you have a state 401K? Given our (USA) current financial situation?
Can someeone help me get a great midlevel financial job in Charlotte and offer relocation advice too?
| Finance plays an all-important role in life of any society irrespective of its social order. Experts should know well the nature of the finance, understand features of formation, distribution and use of financial resources in the state, and also in functioning of credit-and-monetary system. The economist should be prepared for professional work in state structures of federal, regional and municipal level; banks, stock exchanges, the financial and insurance companies, investment funds, the Ministry of Finance of the Russian Federation, economic services of the enterprises and the organisations of all patterns of ownership, on the posts demanding the higher economic education. |
