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Stephen Ngai
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These are not the issues of bailing and bubbles. The critical point = CONFIDENCE. With Domino effects, the market will be dropped endlessly everyday. Do we need this continued free fall?
Jan 21 13:35 pm
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All Comments by Stephen Ngai »It's Ugly Out There. What's Washington Waiting For? [View article]
In this case, the financial system, and all economic systems will be destroyed and ruined by "NO CONFIDENCE". It will be a horrible global recession.
Anything that is down 20%, it is ridiculous. The economy is not that bad to deserve this 20% drop. Due to the everyday continiued degrading by the media and selling side analysts, they have created the FEAR, they have destroyed the CONFIDENCE of everyone. We can't underestimate these effects.
The FEAR together with NO CONFIDENCE will seriously hurt this economy and financial sector, Does Mr. Bernanke want to see this?