Did that catch your eye? It's catching mine in the news media. The thing is, of COURSE markets are going to fall, or rather recalibrate here. The entire engine has been running a little ahead of itself lately, with the TRUE value of assets bought, sold, and traded far beyond their real net worth. The shit has just hit the proverbial fan here, and the value of assets are coming back into a more realistic place.
The more difficult question remains: how does this actually affect us ordinary, every-day citizens? Certainly those of us tied to a corporate reality in one or several ways are going to feel effects. But really, for ME, well, I don't own any stocks, nor is any of my money in large, corporate banks. I rarely shop in corporate businesses. And I live in a small community of 250 people. Life here is not different at all really, except that we're all talking about it. Well, and gas prices continue to fluctuate wildly.
The other question I have is how long all this is going to go on? The worry, yes, and also the hype. Let's just get down to business, for goodness sakes, and pull ourselves out of the mess. There's a lot of important good work to do...like retooling our entire energy economy for sustainable sources. Now there's a meaningful purpose full of economic promise for America: create jobs, clean up the environment, reduce our dependence on foreign oil and therefore our need for overseas wars which drain our budget, et. al. It's not really that complicated. Seriously.