Sunday, 7 September 2008

Fannie Mae and Freddie Mac In Danger

I'm not really into business stuffs like the stocks and bonds subject but because of hubby's alternative income, I'm learning something from him in some ways.

Today for example, it's everywhere on the tv that 2 biggest names of mortgage companies are in big trouble. I'm referring to Fannie Mae and Freddie Mac companies. As always, when something happens in US, everything is always affected and that would mean that goods and commodities will be increasing once again and thousands of people will be loosing their job. Economy isn't that really good since last year and this year too though, dollar rate keeps on decreasing since last year but in my own opinion, it doesn't change anything. What I'm trying to say is that it is good of course because the buying power for dollar is interesting but still, everything is expensive. As a person who sends something in my homeland, it's not good for me at all because I have to send more as the dollar rate is very low for me and yet, prices for rice and other stuffs are getting more and more expensive and there's no salary increase for the employees. You know what I'm trying to say here right?

2 comments:

Imelda said...

. . . and it will continue to soar sis in the next few months.

so, ur now in stocks trading. i trying to learn from it, too sis.

Simply_Haze said...

Dollar is now getting stronger lage. Kay mas nita-as sila these days lang. Yupp, economy is not looking so good jud. Bagsak as in.

Diay happy weekend!