US Financial Market -- The Source!
Everybody are watching how the US handles the financial meltdown. And this week the US financial market is doing really good. Basically this is a greed driven expectation of a rebound. With all of the positive prospects being seen at the US stock market I just wonder what the Philippine government had been doing during this economic crisis other than protecting an economy that is already below standards if not without standards at all -- thanks for the many years of neglect. We are looking at western financial sector as a more stable and policy policed organization that our local counterparts are just joining the bandwagon without making concrete move in making sure that the fundamentals are in place. But then again, who cares about the fundamentals of our local financial market -- it's just a dot compared to Wall Street. Anyway, from my understanding, our local stock market is not even dynamic enough to make people shiver. They're just boys playing a mans game in comparison.
Do I understand what I'm saying?. Well, this may or may not as an example of a Dick and Tom leaving an ordinary life who got caught up by an economic crisis that he or she doesn't really understand or even care about. Why this few people who sits at a very comfy and expensive chairs inside a controlled environment create this much trouble to majority of people who really sweat it out just to eat three times a day.
If the financial sector is serving only a few specific group then it is a financial sector against the economy.
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