The stock market has not been kind to those whose money keep Wall Street alive. Yesterday we saw another drop, 3. 5 %. Most of us are not all that savvy about the stock market, but we do know this – money is tight. Jobs are scarce. Families are struggling.
In his article today for The Atlantic, Derek Thompson wrote a piece called, WSJ Blames Obama for Stock Market Fall – Again” He points out that “The WSJers are miffed that the Obama administration might ask banks to convert its preferred shares into common equity. What does that do? Not a whole lot – the authors likened it to re-arranging desk chairs – besides add the illusion of bank capital. :
He concludes that “the markets didn’t need Obama’s push — they were doing not-so-fine on their own.” wsj_Blaming Obama
In this stock market world of diminishing returns on investment and layoffs it is important to keep yourself from falling into the trap of depression recession.
Sometimes we just have to accept things as they are. The TIME magazine cover story this week is the new frugality. If you have suffered a stock market loss, just look around you. Who hasn’t?
As a single person, you can adapt a new lifestyle more easily than couples. But here is some advice for couples that might keep stress away. Love, money and marriage – MSN Money
Happiness/ R
Copyright 2009 Rita Watson