This will boost markets in the short-term but not in the long term as it seems recession is imminent at this stage. For as long as the US doesn't get tough on those greedy bank CEOs markets will continue to nose dive. SA is in a far better off position compared to the US, our banks won't be affected by the credit crunch, the dollar will gain between today and tomorrow but will lose value as inflation will be high in the US since they will be printing $700BN worth of notes and that translates into more money circulating. But we shall see some improvement in the 2nd or 3rd quarter of 2009. The elections won't boost the world economy, the US is a highly indebted country. NB McCain will win the elections courtesy of Al-Qaeda or should i say Bin Laden. A video tape by Al-qaeda before the elections will mean the republicans will win again as the US citizens trust them in fighting Al-qaeda.
