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What Does The Latest Stock Market Crash Mean

After the Dow Jones fell to the smallest level since 1997, the investors can find that buying shares of some global icon companies can be cheaper that buying the products of those companies.
One obvious example is the banks sector. As we previously mentioned here on, Citibank has been basically nationalized by the government which now owns the majority of the ownership. Their share price has crashed to $1 per share, from a maximum of $27 in the last year. Read More »What Does The Latest Stock Market Crash Mean

FED Warning On More Tough Times Ahead

bernake-feds-chairmanFederal Reserve Chairman Ben S. Bernanke warned today in an interview that a fiscal stimulus package will be enough to generate an economic recovery. He also added that the government may need to buy or guarantee banks’ problematic assets to revive growth.

“Fiscal actions are unlikely to promote a lasting recovery unless they are accompanied by strong measures to further stabilize and strengthen the financial system,” Bernanke said in a speech held today at the London School of Economics. “More capital injections and guarantees may become necessary to ensure stability and the normalization of credit markets.”Read More »FED Warning On More Tough Times Ahead