Markets have not been so nervous since a very long time
Markets have not been so nervous since a very long time. Volatility on many currencies increased to over 20% during one week! On Tuesday, the American Congress rejected Paulson’s plan, which was designed to lift American banks from the crisis. The Congress did not like the idea to use public money ($700 billion) in order to cure the current situation. On Thursday though, the re-designed plan was accepted by the Senate. Everybody is holding their breath to see if it is going to work and if the
More: continued here
Powered by SmartRSS
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!