Monday, October 6, 2008

Manic Monday European Style

Waking up this morning, Why You Care found the European markets down, and knew it would be a tough day for U.S. investors.

Here's why you care: The U.S. market is reacting to the European market, which ironically is reacting to its own government for not doing what the U.S. government did: get ahead of the game by putting together an economic rescue package. Dizzy yet? To put it another way, the European market is upset with their own collective governments for not reacting more quickly to the credit crisis. Is there good news here? Maybe, maybe not. The New York Times has a fresh piece that lays out what European governments have done, and what they may do. Since this impacts you directly, it's worth a few minutes of your time.