Friday, 12 August 2011
Hey, Leave Captain America Alone
With all the ongoing economic unrest that is going on one can not help but feel a sentiment of financial crisis. First the news of a bankrupt Greece and its impact in the European community, and following that stormy debt crisis in the USA. Bank of America one of the largest retail bank in the United States has been impacted severely by a weak American economy as well the European debt crisis. In addition the US mortgage market definitely put some dark clouds in the banks earnings. To make matters worse the S&P throws a right jab and downgrades the U.S government's credit rating. While a downgrade is an embarrassment for everyone in Washington it might put a wake up call to all the big boys and stop their internal dissent. Throwing the dice to see whether the U.S economy would improve or Europe's debt problems will grow worse, one thing for sure the global financial markets are taking a hit. But we have been there before and have weathered the storm ,so let's leave Captain America sail clear and out and come to the top.
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