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The News Diet & Your Inner Balance Sheet

Posted on Sep 18th, 2008 by Hollis : Oracle Hollis
You may not know that I'm sort of an economics wonk. I took LOTS of econ courses at Princeton, and then, of course, there is that Harvard MBA. So I follow the economy with great interest (for links to my favorite econoblogs -- which are way better than mainstream news sources -- see below).

Waking up Monday to the news that Lehman Brothers was filing Chapter 11 bankruptcy, and that Merrill's thundering herd was about to be put out to pasture in North Carolina as part of Bank of America was really shocking. (Do the bulls get more complacent with more room to roam? Or does the herd get culled?) Now the US government, i.e. We, the People, are becoming the world's largest insurer (AIG)... OMG! (For those of you who are being technical about it, We only bought 80% of the holding company, not the insurance companies, but still...)

It’s not just me, either. A client yesterday was pretty freaked out about it all, partly for personal reasons, but mostly because she was taking on the energy of the world. I understand that -- I do it, too. That's why my guides told me this summer that I had to go on a news diet for about 6 weeks. It had wonderful effects for me, and will for you, too.

More at my main blog, http://10minutesaday.blogspot.com
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