Wealth lost at staggering rate in '08 - Truckers' Trucking Forum

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Wealth lost at staggering rate in '08

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03.13.2009

Baack

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Wealth lost at staggering rate in '08

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Meager signs of life in the economy sparked another rally on Wall Street yesterday, but new data showed that markets have a long way to go to replace the vast wealth lost by Americans in recent months.
The second major rally of the week came after General Motors dropped its request for an additional $2 billion in government assistance for March, saying that its cost-cutting measures were working. Bank of America, meanwhile, said it had made money during the first two months of the year.
Investors were even encouraged by Standard & Poor's decision to cut the long-term credit rating of General Electric by one notch. They had expected worse.

http://www.msnbc.msn.com/id/29671145

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