Financial Meltdown Caught Public By Surprise
January 28, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
A recent survey finds that many consumers found last year's major financial developments to be among the biggest surprises of 2008.
According to TrueCredit.com, 53 percent of those surveyed believe that the $700 billion government bailout of last fall was the most unexpected thing of 2008, while 28 percent said that the credit crisis was the most shocking event of 2008.
Even though the financial events of the past year caught many consumers and business people by surprise, some on Wall Street did warn in recent years of unsustainable market conditions, based on their own experience and analytical skills.
Looking ahead to this year, the website found that consumers are generally downbeat on the economy, saying that a large stock market or housing market upturn would be among the biggest surprises of 2009.
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Related Article Topics: Business News | Finance
