Friday, November 6, 2009

World crisis: no one wants to risk

Falling shares motorcar giants comes amid falling share prices in all world markets. "There's a panic, no one wants to risk it. All want their money and put them under the pillow, "- says David Vis, chief economist at the agency Standard & Poor's in New York. "Indeed, due to the escalating crisis of confidence in the stock markets, investors regardless of the prospects of a company trying to get rid of the securities from virtually any industry", - accepts general director KUA "Ineko-Invest" Oleg Morkva. However, according to experts, the situation is deteriorating and the economy of specific enterprises. "Consumer lending is currently limited, demand for cars falls everywhere. Reduction of sales, in turn, leads to the fact that automobile corporations not only loses a profit, but also begin to experience serious financial difficulties. As a result, production of automobiles and parts is reduced, and shares of companies on the stock markets are becoming cheaper, "- noted.

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