Economic analysts give their opinion on the governements rescue plan regarding the financial crisis in America, both positive and negative thoughts are on the table.
Most of the analysts think the rescue plan will create a situation of stability on the financial market, there might be some volatility left in the beginning, but eventually there will come an end to this. Robert Andres (strategist at Portfolio Management consultants)says the risk of a systemic collapse is taken away but this doesn't make people fully trust banks again and since the whole financial system is based on trust, this situation is very bad indeed.
Only future will tell if the economy will recover, but considering almost all comments were positive, there's a very big chance everything is going to turn out just fine.
Source: http://www.guardian.co.uk/business/2008/oct/14/useconomy-georgebush-marketturmoil
Willem Herman
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Economic analysts give their opinion on the governements [government's] rescue plan regarding the financial crisis in America, both positive and negative thoughts are on the table. [use 'and' to connect these two sentences, instead of a comma]
Most of the analysts think the rescue plan will create a situation of stability on the financial market, there might be some volatility left in the beginning, but eventually there will come an end to this. [this is not a coherent sentence, but two separate sentences with commas in between] Robert Andres (strategist at Portfolio Management consultants)says the risk of a systemic collapse is taken [has been taken] away but this doesn't make people fully trust banks again and [,] since the whole financial system is based on trust, this situation is very bad indeed.
Only future will tell if the economy will recover, but considering almost all comments were positive, there's a very big chance everything is going to turn out just fine.
Marilyn Michels
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