Blog #4

I read an article that talked about our economy how bad it’s right now. The article is called Fear fall: Dow sinks 508 points written by Tim Paradis, an Associated Press for the Star Tribune of Minnesota on October 7, 2008. Like everyone knows already our economy is doing every poorly. Sadly the Dow Jones on Wall Street in New York City went done to eight hundred seventy-five points and are very worried how much we can take. Many people fear the economy right now with prices increasing, people losing their jobs and not being able to support their family with one week of pay check. Many residents are losing their jobs because companies are able to pay every worker. They are even losing their houses because they aren’t able to pay their house payments. People are just scared of what, may happen and trying to prepare for the worst. Many are scared of buying things and are starting to learn the value of the dollar. They haven’t experienced this since five years ago on September 30, 2008. The Stock exchange is just hoping for it not to get any worst but they won’t be sure about it. With this economy right now people are just trying to save their money, not even a bank should be trusted. For example the Washington Mutual bank is one of them they just went down so badly. Basically the point that the author is trying to prove this economy is just hurting us and there’s more to expect from it.