Today, we received very positive news coming from the NYSE after yesterday’s record drop. The Dow jumped 485 points, taking back 62% of yesterday’s drop, after bargain hunters took advantage of yesterday’s carnage. Many hope a resolution is agreed upon sooner better than later, but there is no light at the end of the tunnel yet. I believe this is a crucial time in our life in which we face hard economic situations. I feel bad for those who are searching for a home because lenders are tightening their grasp on their cash. Some lenders will soon demand 15% - 20% as a down payment.
A resolution needs to be agreed on before this gets worse and believe me, it can. We are on the verge of getting into the 21st Century Great Depression. Right now we are in a recession, but on the doorstep of a depression if this economic crisis is not solved soon
Stay tuned to Enrique6 News for the latest update.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment