It was certainly the biggest depression since the crisis in the 30’s but now we see a growing gap between the evolution of the stock exchange and the economic activity. The investors are too enthousiastic about the economic growth and when they will notice their mistake, professor Roubini expects a correction (a new decrease) of the stock exchange. Last week the stock exchange fell by 2% because the American production didn’t increase fast enough. Investors stay uncertain about a new growth and Michael Georghegan, magnate of the giant bank HSBC, is even more pessimistic, he doesn’t only see a new decrease at the stock exchange but also a further fall in the whole economy.
Matthias Goeminne
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enthusiastic (no 'o') --> excited
new stce after 'pessimistic' please
Experts are afraid of a new crash at the stock exchange!
It was certainly the biggest depression since the crisis in the 30’s but now we see a growing gap between the evolution of the stock exchange and the economic activity. The investors are too enthusiastic about the economic growth and when they will notice their mistake, professor Roubini expects a correction (a new decrease) of the stock exchange. Last week the stock exchange fell by 2% because the American production didn’t increase fast enough. Investors stay uncertain about a new growth and Michael Georghegan, magnate of the giant bank HSBC, is even more pessimistic. He doesn’t only see a new decrease at the stock exchange but also a further fall in the whole economy.
De Standaard
Matthias Goeminne
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