Thursday, 2 April 2009

Recession –It’s Your Own Damn Fault

Industrial production is declining, millions of people are losing their jobs, banks are very cautious about lending money, riots in the streets etc. – who is to blame?
Well, you are. You may not like to hear that, but it’s the truth.

Another thing you may not hear often lately (but can give you some consolation) is that it’s not that bad, after all. Sure, it would be better if the economic crisis hadn’t happened, but it’s not the end of the world.

First, why are you the reason for all this inconvenience (looking at the bigger picture, it’s no more than that)? To put it simply, it’s because you believe all the media hype about the’ looming depression’ and allow yourself to be scared by it. So you buy and invest less, which is precisely what caused the start of economic downturn in the first place and is further feeding the downward slope.

Just get out and buy things you normally would. If you’re worried about your future income and you therefore cut your spending ‘just in case’, that’s understandable. But a better solution is to look for additional/more stable source of income. It can be done.

Secondly, it’s not the apocalypse. We all might have to review our priorities and, more importantly, the ways we make money. But think about it – people still need food and other consumer goods. Therefore they still have to make them and buy them. If a particular manufacturer (or even a number of them) goes down and people lose their jobs, there is opportunity for other ways to make ourselves productive.

Quit whining and start doing something about it.

And if you feel that I should elaborate on these issues more, wait for another post. I just might. If you want it sooner, leave a comment and tell me what you want me to explain further. As I have already said, at least do something.

No comments:

Post a Comment