OS PINGOS NOS IS – 18/07/2022

The Dow Jones Industrial Average (DJIA often referred to simply as The Dow) is loosely a kind of measure of how well the country is doing financially. At least that’s what most people think. It’s really one of the measures along with the NASDAQ and the S & P 500 (500 largest companies). None of them are ACTUALLY good indicators of how well the country is doing!

The global market meltdown has left many markets reeling. It seems that the Dow drops hundreds of points, on a daily basis and even the EU is feeling the effects of global recession. The world’s automakers are, perhaps, among the hardest hit. The last round of financial bailouts included an enormous sum for US automakers, though even import automakers are feeling the pinch. It even seems that the bailout from the US federal government was insufficient for some automakers, who have returned to plead their case; hands outstretched for yet another handout.