In the last feww weeks have seen the Dow sky rocket up and fall to the lowest its been in many many years! This has been an emotional roller coaster for investors, and many financial companies. This crisis is only the beginning of a year or so of the financial market being on the rocks. There are many disciplines that can be applied to this crisis going on right now and what options we have to fix this problem
The first and most obvious would be finanace. Financial companies need to device a plan to where the are not being so conservative to giving out loans. The companies need to be able to assist customers in there financial decisions. The market is definitely going to be affected by the financial industry, but by being more conservative we can start rebuild the economy. A huge help would be to lower the interest rates, and lower prime. This would help people be able to make payments instead of going into foreclosure.
The second discipline I would use to try and solve this problem woulod be economics. The economy is the worst it has been in hundreds of years. Government needs to take a look at where there is room for improvement (and trust me there is a lot of room). They could go over options of lowering the unemployment rate, start programs to help individuals with money, or even go over lowering taxes. The economy is going to suffer but there are ways to make that as minimual as we can by creating plans to help the economy stay alive. The best option--lowering prices, but I dont think that will happen.
These two disciplines are only two of many thought processes that could be used to help our economy get in a better place than right now. Hopefully our government will realize that these disciplines will help better our economy.
3 comments:
hey Ashlyn
I enjoyed reading your post. The economy is always the topic of conversation these days. I agree with the disciplines you chose to write about. good job
Tara
Yeah, unfortunately this is a terrible situation for our economy to be in. But I think you are right about finances, being financially conservative throughout this period can be very helpful to getting us out of this crisis. Also, your suggestions for economic improvements could be very effective.
This was a good post. Economy is a major issue and topic that sure needs of interdisciplinary help to solve the problem; you are right, unfortunately the economy is at its worst and there is the need and room for improvement. I agree with you, being financially conservative will help in this situation although it is hard for many of us. Also, if government only thought as you and lowered prices, this problem would not be as bad. I agree with the disciplines you chose. Great job.
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