Friday, February 20, 2009

The worst is yet to come

Dow Jones Industrial Average slid to its lowest layers in the last 6 years.

This came due to the speculation of Banks edging Bankruptcy and the deepening of the Recession in the economy of USA.

Exerts have oft-quoted:
"the worse is yet to come!!"

The impact of this hit can bring many more hostilities and can ruin the economy all-together leading to a metaphorical review of what was witnessed in 1930s.

According to reports, the 30-stock blue-chip gauge fell as to 7,447.55, breaking through the November 21 Bear Market low to levels not seen since March 2003.

GDP of Japan fell to its lowest in the last 35 yrs. A clear cut of 12% in GDP was observed giving
a clear indication of big economies becoming cost ridden.

In order to prevent total collapse of the world's 2nd richest economy IMF has signed a $100 Billion contract so that the economic stability can once again be restored.

In my recent posts I have been expressing my views about the downturn and many of them have been proved with a much stronger impact..
But who knows this is a moving market and the impact of this can be anything worse than what I or any other person can view.......................

4 comments:

Vyom said...

yes the global slowdown has taken everyone by storm and all sorts of speculations are taking place on how to tackle the situation.
It will be interesting to see how the situation unfolds in the next year or so.
As usual, good work by you

Divine Interception said...
This comment has been removed by a blog administrator.
vinitsays said...

Vyom,

Truly to be said this turmoil is self created....

What I can Say is that this can be a lesson for our generation to understand the mistakes committed till now.........

Shaurya Srivastava said...

Yes....Vinit u said it correctly...."This turmoil is self created"....