The World Crisis Will Continue To Grow

The world financial crisis expands on a daily basis and nobody among the human society leaders seems to know  what to do in order to correct the system. Everybody pledges for actions to fix the problems but nobody offers specific solutions because they don’t even understand the root of

them. Today I read in the news the following:

“A brutal week for stocks ends quietly

Fears about Europe’s debt were stoked early Friday by news that Moody’s Investors Service had downgraded its ratings of eight Greek banks by two notches. Finance ministers from 20 large countries pledged to take “all necessary actions to preserve the stability of the banking systems and financial markets.” But they offered nothing specific.

Europe’s problems helped feed the heavy selling this week. But the chief worry was that the United States was headed for another recession and that policymakers were running out of ways to fight it. Congress was in another standoff over spending that could force the government to shut down.

John Merrill, chief investment officer at Tanglewood Wealth Management in Houston, said Friday’s respite might not last.

“Nothing goes in a straight line, even markets that are declining steeply,” he said.”

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6 Responses to The World Crisis Will Continue To Grow

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