Live

Watch CBSN Live

Had Enough of This Economic Crisis Yet?

I don't know about you, but I've had about enough of this economic crisis. I mean, I can easily go another 10 or 20 years before another bubble bursts and another downturn ruins my fragile financial equilibrium.
Just this evening I returned home to all this wonderful news on my My Yahoo homepage:

  • Altera, Broadcom, Fedex, and Texas Instruments joined the chorus of companies warning of lower sales and profit estimates
  • 3M, Anheuser-Busch InBev, and Dow Chemical announced layoffs
  • Tribune Company - which owns the Chicago Cubs (like I care) and a whole bunch of newspapers, cable channels and TV stations - filed for Chapter 11 bankruptcy protection
  • It looks as if the U.S. government is actually getting into the car business with a $15 billion bailout of the big three automakers
  • Merrill Lynch and Morgan Stanley aren't paying bonuses to their top execs (OMG!)
  • Standard & Poor's cut Motorola's rating to junk (where were S&P and Moody's when we needed them to cut ratings on mortgage-backed securities, huh?)
Not to mention that the credit markets are still clogged, with trillions in mortgage backed securities still out there, somewhere.
And I'm sick and tired of hearing about the big three automakers. If there's ever been a case of business natural selection, this is it. Let nature take it's course. Together, they can probably make about one half-decent automaker, if that.
Yeah, I know what you're going to say. Get over it. Right?
Well, I wish I could, but I can't. I'm a news junky. And except for the occasional F-18 fighter jet crash or periodic incompetence from Yahoo's board, the economic and labor crisis is pretty much the news these days.
So what do you do to get by? Ignore the news? Ignore your stock portfolio? Work yourself to death? Sleep a lot? Drink? Watch a lot of football? Reality TV? Reorganize your wine cellar? All of the above?
View CBS News In