The world's economy is not at all good. After US lawmakers rejected the plan to bail out the financial system, the stock markets were hit badly. Apparently, some Asian and Europe markets recovered somewhat. Bailout Plan B is needed.
It's very worrying, since Singapore and majority of the countries depend very much on US. If anything happens, we will all be hit. People will get retrenched, businesses will drop badly, the list goes on. Nobody can escape.
Many people were hopeful that the bailout would be passed and thus help pick up the market but now, everything is back to square one. Needless to say, many US citizens were not happy about the bailout. The US$ 700 billion bail is their taxed money after all. They rather the government help the people than help the banks.
It's very overwhelming to read pages and pages of analysis about the delicate situation.
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I'm halfway through Wuthering Heights. After finishing it, I'll post my remarks and book review on the blog. I won't be posting all the books I read here, of course. Only those that can be share, will be shared here.
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