I am not good at interpreting the stock market ups and downs, and I am a noobie on the economics.
Recently this week, every major news papers and news TVs report that there something bad happened the U.S. stock market, and it is affecting the world.
Can anyone tell me what exactly happen and explain to me in easy way?
I honestly do not know what happened to the stock market, and all I know is it is not a good sign.
Can you also tell me, how bad is it? Is it so bad that it deserves to cover the front page of the news paper?
And what will happen as a consequence of this happening?
Thanks in advance.
2007-08-17 06:22:00 · 2 answers · asked by davegesprek 1 in News & Events ➔ Current Events
well, today it came back up because the feds lowered interest rates for lenders, this has happened before and it may take a while but it will rebound. l remember the last time this happened and came back.
2007-08-17 07:19:20 · answer #1 · answered by edie 7 · 1⤊ 0⤋
it had a few hick ups.
2007-08-17 15:39:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋