Wild Ride Summary and Opinion Essay Example | Topics and Well Written Essays - 500 words

Wild Ride Summary and Opinion - Essay frameworkHowever, the article warns that the action may just be a temporary diversion from an inevitable can market.The bear market may be just around the corner. Many international markets argon already in the bear market range and others are within a few percentage points of cosmea off by 20 percent from their peaks last fall. The stop gap interest rate diminution may be too little too late in the face of other looming stinting woes. The article reports that the credit market is in a risky position and could eventually seriously retard the banking systems ability to extend credit. The tight credit situation will eventually affect the markets and continue to push them downward.The article reports that the sub-prime mortgage problem is soothe having negative effects as housing prices are still plummeting and investment banks are looking at significant write-offs in the coming months. In addition, the global parsimony is showing signs of slowing and investors can no longer take advantage of de-coupling in foreign markets. These forces are working in concert with the falling confidence in the US dollar on the world market to loom as a growing threat to the markets.