In the last several weeks, I have been emotionally exhausted after watching the television and reading the media coverage of the state of our U.S. and global financial markets, the coverage of our U.S. presidential election/debates and the $700 Billion Bailout Bill Congressional Hearings. The information provided with these media sources was not necessarily helpful in answering my important questions.
So today, I searched the Wikipedia.org website to find out what the Editors of Wikipedia.org (whoever they are) have to say about the our U.S. and Global Economies. There is a main article on the Wikipedia.org website: Economic Crisis of 2008 which includes a summary of another Wikipedia article: the Global financial crisis of September-October 2008 also referred to as the Liquidity crisis of September 2008. These are well-written articles that concisely explain how our economy and financial markets got to where they are today.
Wikipedia.org also contain a definition of several related words: What is the difference between a recession and a depression - or What is the difference between an economic recession and a economic depression. In other words, are we entering the Depression of 2008 or the Great Depression of 2008 - 2009?
These articles are updated daily which is necessary for these topics. They also attempt to be as factual as possible which is important during these are very tough times economically, financially and emotionally for all of us -- Americans and people around the world.
In other words, if you are pondering what to do with your financial investments right now, these articles are must reads!