Thursday, September 18, 2008

LIVING IN THE WORLD OF FINANCIAL CRISIS

The United States Of America is presently experiencing the worst financial crisis since the 1930's. Actually this is not new. Many have predicted that an even such as this would happen when election is fast approaching.

Many companies are having problems with their stocks. Some companies opted to sell their common shares just to sustain the present condition. With the growing problem in their economy, president Bush canceled his foreign trips just to deal with the current situation.

Economists are very confident that this heat wave in their economy is just temporary. A positive result would emerge after their election depending on who take the seat of power. Some countries, who are allies of the United States of America are also undergoing a financial crisis. Let us just wait and see after the presidential election of the USA.