Post by mikhails77 on Sept 19, 2008 19:21:01 GMT -5
In this political cartoon, two men are sitting in a scene which is supposedly an office; one man reading a newspaper with the headline saying: “Morgan Tsvangirah sign a pact with the other parties in Zimbabwe.”; on the computer it shows a red jagged line (stock marketing) going down to a point where it breaks through the computer and keep going down. In reply to the jagged line one man says “What’s the difference between the Zimbabwean economy and Wall ST?” and in reply to that the other man says, “There’s some hope for the Zimbabwean economy?”.
This political cartoon is describing how stocks went down in major points in Wall Street foe example With $1.1 trillion in assets and 74 million clients in 130 countries, investors feared AIG’s collapse would severely hurt consumers and further tighten already strangled credit, so people who were going to put money in AIG are lucky they didn’t and shouldn’t for the time being. In combat with the crash of the stock marketing the government made a “Federal bailout plan” and stock marketers doubt that will lead to a quick turnaround for the battered housing market and questioning about whether it will prevent more failures of banks and Wall Street firms. What was funny about this picture is that compared to the stock market it seems the Zimbabwean economy has more hope but in actuality it doesn’t because Zimbabwe faces a wide variety of difficult economic problems as it struggles with an unsustainable fiscal deficit, an overvalued official exchange rate, hyperinflation, and bare store shelves.
