I watched the market crash, down 777 points, the biggest one day drop ever. I'm not a day trader, but I'm fascinated by how we are all connected, all over the world, in our economy and financial markets. Another bank, Wachovia went belly up yesterday. While this may not seem like a big deal to some, I come from a tiny little town where Wachovia is one of only two banks. This affects my family, and all the people we know in that town. I wonder what will happen to the people that have worked at that bank since we moved there 20 years ago now.
J playing in a corn field in my hometown, NC.
One of the things in medicine that is so important is to help the patient name the devil. A patient struggles and suffers with symptoms they don't understand. They come to the doctor and the doctor gives their enemy a name. And people do much better with that. They can fight cancer or multiple sclerosis or other chronic disease. They can't fight what they don't know.
I think that the reason our legislators are struggling with what to do is because they don't know what they are dealing with. Is this a hic-up, a cold, a flu, guillian barre (paralysis of the whole body, in this case I mean financial system), a cancer? I have yet to hear any financial experts call this a recession, a depression, an acute crisis (like the S&L crisis). I think we need to name it, then we can fight it. But clearly my focus is not economics. What do I know.
In my little world we are celebrating dh's graduation today! Off to go get dressed up for the occasion, a rare event for a SAHM.