10 August 2011, 13:49

Stock market’s wild ride can hit Main Street

Stock market’s wild ride can hit Main Street
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The stock market has been on a rollercoaster ride today, falling and rising as far as 175 points in minutes. This comes one day after a colossal 635 point loss in the wake of the S&P downgrade of the US debt rating.

The stock market has been on a rollercoaster ride today, falling and rising as far as 175 points in minutes. This comes one day after a colossal 635 point loss in the wake of the S&P downgrade of the US debt rating. Sheherazade Rehman, a Professor of International Business/Finance and International Affairs at George Washington University, talks about the effect this stock ups and downs have on Main Street, where increased interest rates can harm pension funds and the job market.

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