شباب هذا جارت علي افريم دقيقه لسوق الامريكي دوان جونز
يعني شو الحين المتابعه غلط
السلام عليكم ورحمه الله وبركاته
العلوج بدهم اليوم يرتفعون خخخخخخخ
ياخي والله من اشوفك ارتاح سبحان الله الله يجعل لك في كل خطوه حسنه
WASHINGTON — On Day One, the $700 billion plan didn’t help. Just the opposite.
The government’s huge rescue package, aimed at rebuilding economic confidence in the U.S. and around the world, appeared to sound a global alarm instead on Monday, the first trading day after Congress approved the measure last Friday with fanfare and President Bush signed it.
From Asia to Europe to Wall Street, there was a fearful international sell-off as administration officials began work on a plan that investors feared would be too little and too late to stave off a worldwide recession.
The Dow industrials plunged below the 10,000 level for the first time in four years, and at one point were down as much as 800 points before recovering. The stock market rallied during the final 90 minutes of the trading day, and the Dow finished down about 370 points at 9,955.50.
While markets around the world tumbled amid fast-spreading anxiety, officials in Washington worked quickly to put the new financial plan into effect and to shovel more money into the banking system.
Bush sought to reassure panicking markets. “It’s going to take awhile to restore confidence in the financial system. But one thing people can be certain of is that the bill I signed is a big step toward solving this problem,” he said in San Antonio, Texas.
Nobody seemed reassured. Chaos in the financial system seemed to be growing by the minute. Carl M. Hennig Investments Inc. owner Tom Harenburg said the market declines have led to a 30 percent decrease in market indicators like the Dow compared to last year. He said that’s about the largest decrease the markets have shown in any one year, meaning the present situation on Wall Street should come to a close soon.
But Harenburg said this is no normal situation and added that he expects the banking crisis to hurt larger segments of the economy into this winter.
“The damage that has been done in particular in the financial industry, is going to take a long time to rebuild,” Harenburg said. “If you’ve got money they’ll lend you money, if you haven’t got it, good luck. The pendulum has swung from very, very loose credit which got us into this trouble to a period of a very, very tight credit where unless you’ve got money, it’s going to be tough to get it.”
The current crisis started with a U.S. housing boom, helped along by low interest rates and government encouragement for more home ownership. Too many home mortgages were written for too many people who really couldn’t afford them. Banks and other financial companies that made these home loans then resold them. Many were packaged into Wall Street securities and sold to investors. There was lax federal regulation over the process. It worked as long as home prices were going up. But when they started to fall several years ago, the process began to collapse. Many people suddenly owed more on their homes than they were worth. Rising interest rates made it harder to meet monthly mortgage payments that were resetting to higher levels. Foreclosures increased. The infection spread as markets dried up for mortgages and mortgage-backed securities.
Now, many banks and financial institutions don’t have enough money to cover their obligations as a result of the plunge in the value of these securities on their balance sheets. Many are hoarding what cash they have. That’s what the bailout is supposed to help fix, with the government buying these hard-to-value assets and reselling them later in hopes of allowing banks to start lending again.
Provident Financial Consultants partner Bonnie Graff said she’s optimistic the financial rescue plan could generate capital for companies outside the financial sector that will be important to sustaining growth in the rest of the economy, which she called “otherwise strong.”
“The rescue plan is not about making sure the greedy Wall Street people were bailed out,” Graff said. “What they’re doing is making sure we have the credit available where its needed: mom and pop grocery stores that need to stock their shelves or the company that borrows short term to cover their payroll.”
وياك وافاا عليك انت اكثر من اخو والله يديم المحبه
يارب دوم تكون مرتاح ان شاءالله والله انك اخ عزيز وغالي طال عمرك
يعني شو الحين المتابعه غلط
ياخي والله من اشوفك ارتاح سبحان الله الله يجعل لك في كل خطوه حسنه
WASHINGTON — On Day One, the $700 billion plan didn’t help. Just the opposite.
“It’s going to take awhile to restore confidence in the financial system. But one thing people can be certain of is that the bill I signed is a big step toward solving this problem,” he said in San Antonio, Texas.
Carl M. Hennig Investments Inc. owner Tom Harenburg said the market declines have led to a 30 percent decrease in market indicators like the Dow compared to last year. He said that’s about the largest decrease the markets have shown in any one year, meaning the present situation on Wall Street should come to a close soon.
It worked as long as home prices were going up. But when they started to fall several years ago, the process began to collapse. Many people suddenly owed more on their homes than they were worth. Rising interest rates made it harder to meet monthly mortgage payments that were resetting to higher levels. Foreclosures increased. The infection spread as markets dried up for mortgages and mortgage-backed securities.