Early Edition :Portfolios Affecting Health

That haggard look is returning to faces as citizens and their leaders once again try to deal with their eroding wealth.You could definitely see it on German Chancellor Angela Merkel's face as she emerged from a meeting with French President Nicolas Sarkozy a few weeks ago.Investors whose portfolios had more than recovered from their lows of March 2009 are finding themselves in the red again.It is an ordeal that can be described as Dantesque,a scene from a personal financial Inferno.The effects on the general health cannot be good.
To counteract the stress,music is very significant;so is exercise.And they cost little if anything.That in itself is a relaxing thought.Even little bits of recreation improve our health prospects.The longer we feel self-pity,the worse it will be for us.Remembering that we've been through all this before-we recovered then,and we can do it again-will help to lift us out of this red danger as well.
Many of our ancestors had to deal with financial issues such as the Great Depression.Survival is in our heritage.

Remember the Revolution

We have a negative feedback cycle going on right now,but we'll break out of it,Warren Buffett maintained.No one can predict when that's going to happen.This certainly is nothing like World War II or the Great Depression.It's the worst financial crisis since World War II,but America comes through these things.Since 1776,it's been a mistake to bet against America,the Omaha businessman observed.

G-7 Confers

Finance ministers of the G-7 industrialized nations met in Washington over the weekend,addressing the credit crunch.The officials agreed to bear down on financial institutuions,requiring them to hold more capital and be more transparent.The U.S.,Germany,France,the U.K.,Italy,Japan and Canada plan to set up an international team to scrutinize the big banks.Alistair Darling,the U.K.'s Chancellor of the Exchequer,said restoring confidence is a primary concern.He called on the G-7 to act on the credit squeeze,which he likened to the Great Depression.The G-7 said that downside risks to the global economy are increasing.These include the U.S. housing market,as well as the price of oil and other commodities.Nonetheless,food shortages and prices pose a greater threat than capital markets turmoil,the G-7 noted.