What's the worse that could happen if the Dow keeping dipping lower and lower?
The Dow Jones just dipped below 8000 points a few moments ago. The bailout package is not working obviously, so what is the worse possible and/or likely scenarios to ensue? What does this mean for the lower class of America and all over the world? Also, what causes the Dow to fall, and why is it so important to us all? If it isn't that important why is it the only thing being watched by so many people? And the only thing Economics professors are talking about?
Asked By: Luvon - 10/10/2008
Best Answer - Chosen by Asker
It's better to say the bailout package is not working YET. While the main intent was to buy off bad mortgages from the banks, it hasn't actually happened yet, and it will take some time, months probably, to implement the proper procedure to do so (they can't just hand over the money and say give us your sheets, they... More
Answered By: Vangorn2000 - 10/10/2008
Additional Answers (2)
The worst scenario is we will all be lined up wearing our fedoras waiting for soup, and we will have to start eating illegal immigrants to survive when the gov't runs out of soup.
Answered By: roadhunter - 10/10/2008
The bail out is just beginning to be spent and it will be a month or more before we will know whether or not it is working. What the dow is does not matter, it is just frightened people exchanging money, and the economy does not depend on what they do. The important thing to watch is the credit and bond markets
Answered By: meg - 10/10/2008
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