The Current Economic Situation is Crazy - But Another A.A. Milne Quote to Help Us Keep Balanced

“Promise me you'll always remember: You're braver than you believe, and stronger than you seem, and smarter than you think. Christopher Robin to Pooh” - A.A. Milne

I'm thinking that it's time to read more "Winnie the Pooh" these days! When the news swings like a crazy pendulum and you don't know where all of this economic craziness is headed you need to listen to Christopher Robin's wisdom.

I was happy to be away from most news during the first two weeks of October. When I returned and started reading about what had been happening I was appalled. Our news media created a frenzy of fear and near panic, and although there are serious problems now and ahead of us, how much unnecessary stress and angst was caused by excessive "news."

So the next time you feel anxious about the economy or anything in your life, take a deep breath and remember Christopher Robin's advice to Pooh.

Is Anyone Else Reeling From All the Economic Fallout?

I don't know about anyone else, but I find it difficult to think of all of the potential issues that this housing bubble has created. People loosing their homes, walking away from upside down mortgages (they call it "jingle mail" because they just mail the keys to the bank), empty developments but for an occasional occupied house, empty rentals getting vandalized and not having insurance coverage, and on and on.

With the news about Merrill Lynch being bought by Bank of America (who also bought Countrywide a short while ago) - will B of A be able to handle both of those company's problems without creating problems for them? And Lehman Brothers declaring bankruptcy, continuing talk about whether WaMu and Wachovia will fail...what more economic fallout lies ahead?

A friend in San Diego just wrote about how people are living in RV's parked in lots. Some have kids (are they going to school? Doubtful) and they have to move them at night or the police come by. Do they just drive around all night and sleep during the day?

What about what all of this is doing to our society, not just our economy?