Robert CaldwellA brief year end review
January 6th 2009 23:41
well one thing is for sure. This year has been a roller coaster for everyone as far as finances are concerned. The first part of the year was highlighted with oil prices skyrocketing and the sub-prime market still an isolated incident. A gallon of gas at the pump reached $4.00 a gallong during the summer.
Then came the financial meltdown filled with bankruptcy and bailouts. Many financial stocks have now become penny stocks as the companies behind them struggle to survive. The auto industry was and still is on the brink of collapse.
The good news is that gas prices have plummeted and now stand at less than $1.50 a gallon.
I believe the worst of the financial crisis is over. However it has left a country in recession and in deep trouble. Obama is set to take charge of this country at a time it hasn't seen since the great depression. People are hoping he can direct our country to greener pastures. Honestly He can't do it alone and just because he is taking office doesn't mean everything is going to be okay.
Then came the financial meltdown filled with bankruptcy and bailouts. Many financial stocks have now become penny stocks as the companies behind them struggle to survive. The auto industry was and still is on the brink of collapse.
The good news is that gas prices have plummeted and now stand at less than $1.50 a gallon.
I believe the worst of the financial crisis is over. However it has left a country in recession and in deep trouble. Obama is set to take charge of this country at a time it hasn't seen since the great depression. People are hoping he can direct our country to greener pastures. Honestly He can't do it alone and just because he is taking office doesn't mean everything is going to be okay.
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