The economy is saying to the financial markets "If you jump, I jump.... later". In his seminar on October 25 in Singapore, Author, Private Trader and Trading Coach Dr. Alexander Elder mentioned that normally, the financial market lead the economy about nine to twelve months ahead.
Now that the financial markets have taken a dive.... the economy is following suit. We may not feel it now especially in the Asian region... but we shall feel the pinch next year. So, 2009 is going to be a tough year.
Already, unemployment rate in the US has spiked up to 14 year high of 6.5%. About 10 million people in the US are jobless. The economic crisis in the US is deepening. read more here.
Economy saying to Financial Markets "I'll see you soon..."
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