Wednesday, October 1, 2008

Recession Ahead - The Great Depression 2

US House of Representatives has rejected the US$700b bailout bill & a great depression worldwide will soon follow!! Uncle SAM has failed to show their leadership to restore the confidence in the panic selling market at Wall Street.

This latest crisis has set Dow Jones plunged almost 7% & Nasdaq crashed almost 10%. Soon markets worldwide will be taking a dip too. If you happen to notice, there's at least 1 casualty every week. Who's next? Since the US$700b bailout has failed.

No doubt, we are going into a recession now.

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