The stock trading situation got volatile after the federal government made several mortgage cuts. This led the stocks of the United States to plummet by as much as one percent. And how this affects the world is another matter altogether.
The Federal government cut over $10 billion per month leading to crisis and disruption in the stock market. The volatile conditions engendered by this action caused the stocks to take a nosedive by a percentage point. And while on paper this may seem infinitely small, in fact it has a very real effect on the ordinary world of economic transactions.
The free enterprise market currently is in a state of chaos. It seems to be a failure of capitalism. The S&P 500 spiraled by 4%. Meanwhile, the shares of the Boeing Company were a source of attrition for the Dow Jones Average. However, with the passage of time the US economy is expected to improve.
The Feds took the escape route and this badly affected the economic pie for society. Lethargic growth rates in China are an offshoot of this slowing down in activity in this part of the hemisphere. Facebook on the other hand was doing quite well.
The social network owned by Mark Zuckerberg has really got the world in the palm of its hand. Maybe that is because it fulfils such an important purpose in today’s atomized world of fragmented relations. The NYSE and Nasdaq have both many companies and firms in a slump right now. In fact, the enterprises that show a marked decline outnumber the successful ones by a three to one ratio.
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About the Geek Mind
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.