Gnutrade is all interesting. Its a Financial Game
The U.S dollar is depreciating on account of bad economic structure which is affected by recession and on the other hand the slump in the housing market. The Yen which was the centre of attraction of being a prey to the carry trades , has all of a sudden rose and is strengthened against the U.S dollar. The dollar is weak before the Euro, Pound and the Yen. Fed Reserve’s decision to cut the interest rates has already made a slump in the U.S currency. The mortage industry is effected with subprime issues of retail industry.
``More and more Americans are going to walk away from their mortgages, and that's going to undermine the foundations of these banking institutions,'' Stiglitz, a professor at Columbia University, told Radio New Zealand today from Auckland. The crisis in U.S economy is the worst it has even seen in almost 80 years for now. And the only available solution is the interest rate cuts to do with this problem.
www.gnutrade.com
1 comment:
Hello. This post is likeable, and your blog is very interesting, congratulations :-). I will add in my blogroll =). If possible gives a last there on my blog, it is about the Celular, I hope you enjoy. The address is http://telefone-celular-brasil.blogspot.com. A hug.
Post a Comment