The week has started well for world markets as stock exchanges across the globe have rallied or are rallying to post significant gains. The increases are attributed to the coordinated global efforts to unfreeze credit markets, particularly the European Unionâ€™s and the United Kingdomâ€™s decisions to fully back bank accounts and infuse troubling banks with billions in government funds.
Weâ€™ll see of the rally continues here in the U.S. Thereâ€™s no doubt that there are and still will be numerous financial problems. But thereâ€™s at least the chance that the world has avoided an all-out panic. Letâ€™s hope so.