Revival of the Economy

Having read the title, it is not something new to many people anymore. As we can see, shares in the NYSE is tumbling down and the people are facing a tougher credit crunch. It is a sign that the economy is slowing down. With many property unsold, I am wondering whether the US economy is going to progress further under the Bush administration.

Oh well, not to worry because he would have to leave the Oval when his term ends. He has been a president for two terms and I think that is all that he could do. The US market needs some stimulation or rather support by the Bank of America. What the 'big guns' could do is to pump in more money into the market so that it will provide a boast to the economy. That is more realistic. It is just like in the UK where the Bank of England came to the rescue of Northern Rock and lent around £26 million pounds so far to Northern Rock. I think slowly but surely Northern Rock will be sold to a private company or a group of companies.

Anyway, I really hope that the credit crunch will end soon. It is just so unfair to see that the economy is slowing down. That is not a good sign...