Is the financial crisis over?
The Down Jones in New York closed up 11% yesterday, the Bel-20 in Brussels gained 9,5% and Nikkei soared 14,2%, its biggest one-day gain: it looks like the rescue plans across the world have restored confidence. But despite the calmer atmosphere in stock markets, it seems as if the credit crisis has already damaged our economy. Moreover, the questions if we are going to a greater period of stability and if we can trust our banks again, stay unanswered.
The Down Jones in New York closed up 11% yesterday, the Bel-20 in Brussels gained 9,5% and Nikkei soared 14,2%, its biggest one-day gain: it looks like the rescue plans across the world have restored confidence. But despite the calmer atmosphere in stock markets, it seems as if the credit crisis has already damaged our economy. Moreover, the questions if we are going to a greater period of stability and if we can trust our banks again, stay unanswered.
Elke De la Rivière
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Is the financial crisis over?
The Down Jones in New York closed up 11% yesterday, the Bel-20 in Brussels gained 9,5% [9.5%] and Nikkei soared 14,2%, its biggest one-day gain: it looks like the rescue plans across the world have restored confidence. But despite the calmer atmosphere in stock markets, it seems as if the credit crisis has already damaged our economy. Moreover, the questions if we are going to a greater period of stability and if we can trust our banks again, [no comma here] stay unanswered.
Good job: the question in the first sentence gets answered, but the gloomy conclusion clashes a bit with the upbeat title.
Mind the difference between 1,000 and 1.3%
Olaf
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