Let it be by Barbora Misakova

Economy, economy and economy. Isn't there any better topic for talking? Newspapers, TV shows and news, radio stations, Internet and even women magazines are full of it. Please we need something new to talk about not only constantly listen about economic stagnation and indexes falls and whatsoever. There is lot of topics in here I would bet that most of them are even more interesting than this one. So why are we still filled with these news? Just because the economy is like a spoilt child. Is like our only child which must be monitored, which must be watched all the time not to do something wrong. It is our future and our present prestige. And that's why when there is something wrong going on, lot of people just enclose it, watch it and try to do anything what could stop this degrading process. Unfortunately, economy (just like a child) will hardly do exactly what we want from it. And after all our efforts to improve the situation, we are failing again.

Of course the news from our financial markets are bad again, maybe even worse than we expected. And even though I am using this sentence so often, there is always a situation which surprise us. Frannie Mae and Freddie Mac fell to the lowest levels they remember in nearly 20 years. The Dow Jones is down more 175 points and so on. The biggest problems are with Fannie and Freddie which want to wipe out shareholders' equity in both companies. As said John Merrill, chief investment officer at Tanglewood Wealth Management: “The degree and depth of what's happening in the financial industry is beyond anything we've seen in decades.” I know that I am not economist or any kind of expert, so my words will probably seem crazy for those who are, but anyway – I am fed up of that all economy this and economy that stuff. I know that we are probably very depend on the situation there, on prices of oil and goods, but anyway. I am not going to be slave of it, like a mother to her spoilt child. I know that being quiet won't help to improve the situation, but talking don't do it neither. So would it be such a big problem to let our spoilt economy be? Just for a while, just like we let our kid alone when it is too wild?

related story: http://news.yahoo.com/s/ap/20080818/ap_on_bi_st_ma_re/wall_street;_ylt=Ar6vNClzX6I.wBDc9PFUZZ6s0NUE

by Barbora Misakova for PocketNews (http://pocketnews.tv)

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posted by Lucia Adamova