Let's see if a mere mortal can understand this. I am certainly not a financial wizard.
This week the US stock markets seem to be in free-fall. Things have been going south for a while now. Big swings up and down -- mostly down. Investors sell. The more selling that goes on, the more the people sell, and the more the markets sink. Folks are being hurt by this.
Last week, gas was in short supply (we are told). Folks panicked and bought gas. The price rose. The more people bought, the less gas there was, and the more the price rose. Folks are being hurt by this.
The economy is the subject of a lot of conversation. And, I know of at least one person who has asked another (not me) if his personal position was on the brink of danger.
I think that all of us should be concerned about our personal positions. However, a more major question to me is what kind of mess are we leaving for our children and grandchildren and more?
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3 comments:
They call this a move toward a recession. I have a better name for it but it's that word nobody likes to hear that starts with a d.
The rest of us are just as frustrated as you. Hopefully, someone will help us solve these problems.
Don't need to worry, we've been bailed out with many earmarks included. Wow, aren't we lucky? Maybe not as lucky as the toy company or speedway.
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