Can obama save my pension funds?

Posted: July 5th, 2008 under JavaFX.

Ok, Barack Obama won the election, stock markets cheered and rebounded. Then what?

Though Mr. Obama won the election, doesn’t mean this credit crisis ends, that housing prices will rebound quickly, or that the stock market will hit new heights soon.

On the contrary, it is going to get worse and there’s not much that Obama can do to reverse it. Let me explain a bit more.

The financial crisis and the meltdown of housing market has sent investors rushing out of U.S. stocks. The result has smashed the U.S. financial system, and led to the parajumpers jakke death of many big financial institutions. The banking crisis has now spreaded over to the global markets. So do you believe Obama can help anything here?

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