Chris Cantell Discusses Markets: How To Survive by Kamila Moravcikova

Recession, or being close to recession, or something like a recession, inflation, rates, cuts, consumption, deficient consumption, crises, weak U.S. dollar, expensive oil, insufficient national output, Dow Jones index decreasing, Wall Street announcing bad news, etc. Words like those became common, you could find them in newspapers, TV news, everywhere. And now experts say that it's not only American economy that is not doing good, also the Americans feels that they are not doing good, they are not satisfied with current situation and worry about what can happen.I don't think it's such a surprise. When you are surrounded by bad news, nobody can expect you to be careless what's going on. And it's maybe even worse because of the fact that few years ago people wouldn't have imagined that they would worry about economics, about prices or being short of money. Have they done something wrong? They just wonder why yesterday it was so easy and favorable to borrow some money and today for some reason they have problems with paying their loans back. They work really hard, they got paid and they realize that their paychecks are not enough, that the prices of some products increased and only little money left to pay all the dues. And they are afraid of losing their jobs as their employers are affected by the recession or something like recession as well. Will they be able to pay for their insurance? Medical care? As millions other people all around the world, usual American doesn't understand exactly words like recession, or something like recession, inflation, consumption, etc. Unless you are an economist, it's difficult to understand all that thing called economy. And what's much more worse, maybe there's somebody who can explain to you what it's all about, but is there anybody who can explain how to survive it without any significant damage?

related story: http://news.yahoo.com/s/ap/20080217/ap_on_bi_ge/the_uneasy_economy;_ylt=Aj4xAg6nIyPlvlc87v1.kbKs0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

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Edited by: Katarina Bosanska