The Economic RollerCoaster

While yesterday's news was filled with the Interest Rate cut again by Bernanke and the Fed for the for the fifth time since August 2007, plus the government freeing up millions of dollars for Fannie Mae and Freddie Mae, and yesterday's news gave a glimmer of hope with the up swing in the Dow stocks with the rise in gold, it appears that today, March 20 2008, puts us right back on that roller coaster ride I keep talking about.

Yep, the gold had fell sharply according to the money news of abcnews.go.com. Also on that news article by the AP Business news writer, Tim Paradis, "The Dow Jones at times gave up more than 200 points." Although things are looking up for Morgan Stanley, the sight is more on a downward angle for Lehman and Goldman.

On the upbeat are the Mae's, Fannie and Freddie. It could mean some help to turn around the sweep of foreclosures, but when we put our economy on roller coasters, sometimes it is hard to predict. And since the largest credit card company, Visa, is not a lender, it appears that it has a good chance of surviving as it staged one of it's largest sell offs in history.

The thought is that the economy may gain solid footing, but how does that work when the whole trade and sell stock market is a continuous wheeled roller coaster ride?

Britain's FTSE 100, Germany's DAX and France's CAC-40 had a fell, with the up swing of Japan's Nikkei stock and Hong Kong's Hang Seng.

Now, not mentioned is the Euro, the British pound which have in recent past fallen. Of course, the world market did attribute the fallen currency in other parts of the world to the fault of the shrinking American dollar.