DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Economic Crisis : Why the Stock Market Keeps Plummeting

**SantaGanstag** · 02-18-2009, 02:40 PM

That's why its only the beginning. The stimulus package is to put in some money into the money cycle, so that it can reduce the impact of the recession, and help stem unemployment and wage droppage. The real deal is to reform the investments and normal banks- and that takes time and even more detailing by the Treasury department.

And it has to go deeper than the current measures announced by Secy Geithner. Until they realise that some of these banks have to be nationalised- that's not an option, but a must in some cases- as proven in the Japanese and Swedish banking crises, ....

There's alot of fear & uncertainty in the market

Its not being helped by the news of fat cats giving themselves big fat bonuses. Reminds me of the PAP business as usual atitude

Complicated by the US gov't being split along idealogical grounds. Many Republican still pushing their tax cut solution, let the market mechanism take care, etc.

Some say market may drop to 6,000.

I'm surprised that the PAP hasn't announced early elections. If they wait its going to get worse & there will be many upset Sporeans ready to punish them for LKYs broken promise of a "golden era"

02-18-2009, 02:40 PM	#5
SantaGanstag Join Date Oct 2005 Posts 411 Senior Member	That's why its only the beginning. The stimulus package is to put in some money into the money cycle, so that it can reduce the impact of the recession, and help stem unemployment and wage droppage. The real deal is to reform the investments and normal banks- and that takes time and even more detailing by the Treasury department. And it has to go deeper than the current measures announced by Secy Geithner. Until they realise that some of these banks have to be nationalised- that's not an option, but a must in some cases- as proven in the Japanese and Swedish banking crises, .... There's alot of fear & uncertainty in the market Its not being helped by the news of fat cats giving themselves big fat bonuses. Reminds me of the PAP business as usual atitude Complicated by the US gov't being split along idealogical grounds. Many Republican still pushing their tax cut solution, let the market mechanism take care, etc. Some say market may drop to 6,000. I'm surprised that the PAP hasn't announced early elections. If they wait its going to get worse & there will be many upset Sporeans ready to punish them for LKYs broken promise of a "golden era"
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