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AMarket plummeting, stocks degrading drastically, everything haywire, these are what the current financial state of most of the countries look like. Though the burnt is faced by almost all economies alike, majority is faced by once-called stanchion of the world economy, Wall Street. The main fact of incongruity is that the reasons are all unknown, why market escalated like that and why market is plummeting like this. Whatever, the reason might, Wall Street Financial Crisis has brought a lot of negatives with it, positives not to be seen in the near horizon. The Outcome The outcome of Wall Street Financial Crisis is far more than anyone could have ever imagined. An array of investment firms and monumental bank failures precipitated by massive foreclosures increment, panic everywhere, and a whopping $700 billion bailout proposal. The real financial situation is passing through every guts and grime that it could possibly handle and what could be the better example other than the bankruptcy of the investment major, Lehman Brothers. However, the question how we arrived to such a grim condition is a very complicated matter including things like adjustable-rate mortgages, collateralized-debt obligation, yield spread-premium and securitization. Now, that would be enough for someone,
without any economics knowledge, to understand the current financial crisis. The worst case, most of the big investment players are keeping their funds out of this drowning Titanic. No anchor, no shore, just an open sea in front, financially every world is getting weaker day by day. More so, every country looks for Wall Street to perform better; so that their stocks and market could even perform better. For students, Wall Street Financial Crisis would ring like some far away, ivory tower phenomenon remote from term papers, exams and extracurricular activities. However, it had affected the lives of students as well. The recently buckled Lehman Brothers was very active with college loan and in fact, owned a company named Campus Door. Now, the situation is such that since early 2008, more than seventy companies and financial organization have left the college loan section. Job-cuts should also become the cause of their concern. Since, Wall Street Financial Crisis has crippled every organization; they have very less funds for investment which have lead to an increase in the layoffs. But what does all that mean? All the strings are attached and are pointing to a single thing shortage of jobs and job-cuts in near future. Moreover, financial crisis have also affected decisions like car buying, buying a home etc. Besides, loans have become difficult to get, more expensive and is speculated that things would even get tougher in the coming future. |
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