Happy Monday Morning!

by Peter Anderson · 8 comments · Print Print · Email Email

Happy Monday morning to one and all. It’s going to be another interesting week! As the markets opened this week, instead of the markets going up because of the bailout bill, the markets are going down. Now legislators are saying that a recovery may take weeks or months and that they didn’t expect the markets to go back up right away.

Right.

Makes me wish i was still in this small village on the Amalfi Coast of Italy. (Positano, Italy for those of you who were wondering)

Instead of checking my 401k this morning and giving myself a heart attack, here’s a few articles that I read this morning and and found helpful.

Enjoy the week!

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{ 8 comments… read them below or add one }

1 Miranda October 6, 2008 at 7:46 am Twitter id: @MMarquit

Yeah. And now they’re saying that the $700 billion wasn’t really enough, and maybe MORE needs to be done. It’s nice that Wall Street is holding this stick over everyone. “We’ll bring down the economy unless you give us what we want.”

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2 Peter October 6, 2008 at 7:56 am Twitter id: @moneymatters

Yeah, $700 billion wasn’t enough. Why don’t we just turn the taps on, and when you have enough money, just let us know? frustrating isn’t it?

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3 Frugal Dad October 6, 2008 at 8:06 am

I had a feeling if the bailout bill had been rejected the market would have gone up. I really think the market wants this correction to be natural, and without government intervention. WaMu and Wachovia are good examples of the system working.

By the way, Positano looks like a lovely place. Did you live there when you were younger?

Frugal Dads last blog post..Why Cash Offers More Flexibility Than Gift Cards

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4 Peter October 6, 2008 at 8:32 am Twitter id: @moneymatters

Nope, never lived there – just visited a week or two ago when we were on our Mediterranean cruise. I would love to go back someday – it was gorgeous, and the people were extremely friendly (even though we didn’t speak italian).

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5 FFB October 6, 2008 at 8:20 am Twitter id: @freefrombroke

Remember when we thought the economic stimulus checks were gonna help the economy? Oops, that band-aid bled through!

Maybe we should all take whatever cash we have and move to Italy? Looks nice.

FFBs last blog post..Frugal Fun For Your Little One

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6 Peter October 6, 2008 at 8:33 am Twitter id: @moneymatters

I’m all for it..Italy – here we come.

While we were in Croatia they were talking about how they were trying to improve their unemployment rate – current rate? Between 20-30% unemployment. Our doesn’t look so bad now!

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7 Emily@remodelingthislife October 6, 2008 at 9:03 am

Thanks for the link Pete. I am all for moving to Italy :)

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8 PT October 6, 2008 at 8:49 pm Twitter id: @ptmoney

Yeah, it’d be nice to have our 401k’s on a nice vacation instead of taking this beating. Here’s to many cheap shares purchased this next paycheck.

Thanks for sharing my pyf post, Pete.

PTs last blog post..Welcome Readers from FNBO Direct’s Pay Yourself First Challenge

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