Originally Posted by physics girl phd
Ha! I forgot that I'd seen this on the news last night... so I was thinking before I opened and read your quote "Smith Barney"?
Can't a presidential decision (esp. an Obama victory) stabilize the markets?
|
This is far too big for a few words to end the crisis. The free market failed and on one really knows if or how the decline can be halted. Everyone hopes that the actions take thus far will get credit moving again, which was the real problem. And we have a pretty good idea why the great depression was so bad, which is why quick action was taken to avoid a similar disaster.
The jobs report is due out today and everyone knows it will be bad.
