Recently in Economics Category

America's recession seems to begin. US stocks are falling down every day. The Dow Jones Industrial Average fell from $13,500 in December 2007 to less than $12,000 right now, and the NASDAQ Composite was at around 2,700 in the end of December but now at about 2,300. For these five weeks, I've LOST more than 1/3 of the total amount of money that I've invested!

I've believed in the strength and the wealthiness of the United States, and invested American stocks and mutual funds instead of hopeless Japanese stock market. America's economic growth was stable for over 50 years and the stock prices rose every year. You could get richer and richer as long as you buy and hold the American stocks or mutual funds.

However, the situation has changed completely for the last two months. America is no longer what it was before. What the hell happened to America? And what will happen in the future?

But I won't give up yet. I'll keep trusting America, because I love America and America will be still alright and won't lose its presence in the world as long as it has the strongest military power and global standards in many fields. I have confidence that America will make it by any means.