Wednesday, October 8, 2008
The Washington Post reports that the stock market continues to dwindle, causing both anxiety and indecision among investors. Secretary of the U.S. Department of Treasury Henry Paulson attempted to calm concerns today in a press statement he released earlier this afternoon, urging his audience to be patient. Despite current economic distress, Secretary Paulson appears confident that the United States will find eventual relief, especially with the recent passage of the Economic Rescue Package that was signed into law late last week. Concerns among investors rose after Federal Reserve Chairman Ben Bernanke announced an emergency rate cut of half percent in order to address growing economic slump in both the U.S. and global financial markets.
Posted by National Housing Conference at 5:01 PM