Tuesday, July 28, 2009

Video: Economic Worst Is Over?

English: Wall Street, Manhattan, New York, USA...
English: Wall Street, Manhattan, New York, USA EspaƱol: Wall Street, Manhattan, Nueva York, Estados Unidos (Photo credit: Wikipedia)
From Denny: The public wallet has yet to rally as fast as these big businesses. Unemployment is almost double digits, the economy is on life support propped up by bail outs which translates as coming from the wallets of the middle class who lost their jobs those same big businesses chose to send overseas. It isn't really very smart when a business takes jobs away from the very people who turn around and purchase their products, now is it? That's basically what has happened.

There is a significant need to get serious about regulating Wall Street and other robber baron big businesses in America. Until then, the average middle class investor will not trust them with their money. Until regulation is done, overseas investors won't have a healthy long-term confidence either.

Realistically, expect a correction in these rosy statistics.

"The stock market recently rallied to its best level all year, which is making investors hope that this could be a signal that the worst of the economic downturn is over. Karen Brown reports."

Watch CBS Videos Online - CBS is really dropping the ball here by no longer keeping video clip embed codes operating.

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United States, economy, news