Economic Bounce Back

Is there a possibility of a bounce back of the economy after the “Attack on America”? The answer is YES.
Scott Bleier, chief investment strategist for Prime Carter Ltd. said in the Advocate last Thursday that putting money back into the market will attribute to the recovery of the economy from the lowered interest rates, the possible economic-stimulus package, and steeply discounted stock prices.
The Dow Jones Industrial Average has risen back above the 9,000 mark and the rest of the economy–such as interest rates–has been cut for the ninth time this year, making the total 2.5 percent. That means everything from credit card rates to student loan rates has been reduced again. The discounted stock prices also helped because you could buy into the stock market for little or nothing and watch your stock grow.
“Three weeks after the greatest shock in our collective lives, there is a tremendous realization that the world is not going to come to an end” Bleier also said. We as Americans are starting to resume our lives and do things that we used to do before the attacks. We are gaining confidence in the stock market and flying on airplanes again. We are finally noticing and accepting that life still does go on despite the obstacles that we were confronted with on the morning of September 11. The economy is not going to bounce back overnight, but it is slowly and steadily progressing.
It may seem with all of the layoffs announced by the airline industry no company would be hiring college graduates. Do not worry. That is not true! There will always be jobs and careers out there. This fine institution known as Southern University produces the creme of the crop people who can go out and get a job, function and interact with their white counterparts.
The “Attack on America” had an impact on our future emotionally and economically. We are regaining confidence in the economy, going back to our everyday lives, and interacting as we did before September11. Nevertheless, in the American society, we always come back on top again.