In the months and years following the Great Recession of December 2007, millions of Americans found themselves in frightening financial straits. Not only did 8.7 American lost their jobs between December 2007 and December 2009, but the majority of unemployed workers found it difficult, if not impossible, to find new employment that offered a salary even close to what they were making.
While the Recession was often blamed on the irresponsibility of banks, large corporations, the auto industry, and Wall Street, it is impossible to lay the blame on any single entity. After all, every American with debt had some role in the disaster. The reality is, if Americans were willing to live within their means, and use credit sparingly, money experts contend that the Recession could have been prevented.
Unfortunately, a capitalist economy cannot thrive on thriftiness, which leaves us with a vexing catch 22; if Americans spend too much, they will max out their credit; and if they spend too little, production will decrease and jobs will be lost. Since the American economy depends on a high rate of consumer spending, few people who read the latest Wall Street news do so to save money, but they consider Wall Street financial news as resource for making money.
However, Wall Street daily news is not only valuable for business and investment professionals; it is also an excellent resource for anyone who is looking to make smarter investment decisions. Although the latest Wall Street news always includes a healthy dose of Wall Street business news and stock market activity, other columns that are relevant to almost anyone cover everything from technology to personal finance to cultural life.
Since Wall Street news has been a leading source for business and investment professionals for many years, it has earned the reputation as a serious resource. While it remains the “go to” source for business professionals, Wall Street news is also invaluable to every citizen who is concerned about his or her financial future. This is especially true if another financial disaster begins to foment.
