From the graph above, we see that after the ripple effect in September, from about 11500 points in the Dow Jones stock market (US) had fallen to 8350 points in Oct 24, which is about 27%. From these statistics, we can say that the economy crisis has not end yet in terms of stock markets. The past few weeks, I’ve been forcing myself to look at the financial news in HK, and I’ve notice that HK Government has kept injecting money into the Federal Reserve to increase the confidence in HK people. Another thing is that the stocks in HK has been going on a roller coaster, going up a little, and then sliding down like a water fall. And eventually it was also declining for the most part. I’ve read some articles in CNN, the G7 nation is worried about the oil prices declining way more than expected it has recently down to lowest point at 62$ per barrel, and Japan currency (Yen) is rising at fast pace, because many countries import automobiles from Japan this raise a huge issue for many countries.
From these events happening after the bankruptcy of Lehman, we could see that the financial crisis has not end yet. There is still a chance of worsening events that would take place. Just like last week’s huge toy factories in Mainland had suddenly shutdown and around 6000 employees had suddenly lost their income to survive within the urban city. We can only hope this recession will soon be over, so we soon are back to prosperity.
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