Government Rescue Plans Fail To Raise Market's Spirits
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Several government rescue & stimulus plans announced over the past few months, including the one announced in the middle of last week, have failed to rally the markets as hoped. The plans are intended to help homeowners pay their mortgage, to jump start the flow of credit from creditors to debtors, to encourage consumer spend and, possibly the most important goal, to restore confidence in the economy.
Whether the plans will achieve the first three goals is yet to be seen, but they have, for the most part, failed to restore confidence in the economy.
Despite such shortcomings, the United States still remains the most secure and popular place to hold investments, as more & more international investments flow into the country due to the economic crisis.