4 Reasons to Worry About the Economy (at Motley Fool)

By Morgan Housel July 18, 2008 Comments (0) Four big stories topped this week's economic news: Fannie and Freddie, oil finally dropping, high inflation, and banking turbulence. None of them are too comforting to discuss, especially when so many people's well-being relies on them. I'm reminded of a quote from Berkshire Hathaway (NYSE: BRK-B) co-chairman Charlie Munger, from a speech he gave while discussing what he calls his multidisciplinary approach. When you drill down to the basics of subjects, Munger said, you "realize everything is so damn interconnected." Fair enough. Let's see how this week's four major economic news events are all interconnected. Fannie and Freddie might become your business I hate to drown in hypotheticals, but let's go out on a limb and assume that government-chartered mortgage behemoths Freddie Mac... [read full story]