Here are some self-explanatory articles of what’s unfolding in the world in the wake of the financial crisis. It seems like a rather dramatic change going on in the financial world.
- European governments stepped in to rescue Fortis, Bradford & Bingley Plc, and Hypo Real Estate Holding AG as tremors from the U.S. credit crisis reverberated around the world. Read the full story here.
- The Fed’s expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a US$700 billion bailout for the financial industry. Read the full story here.
During this period of extreme uncertainty, hold on to your seats. Don’t rush to sell down your shares, cash is not king at the moment. Have your eyes and ears on the ground and watch the world market closely. Whatever you do, this is definitely not the right time to be gung-ho and quit your job and be your own boss. Wise up, watch and learn.
