The Fog of Recession

Written on May 8, 2009 – 6:05 pm | by Justin Paone |

I think it’s interesting how different the same landscape can appear through a different set of eyes. So far with this recession I’ve read predictions from financial prophets of both doom and prosperity, each professional weighing in with their personal thoughts and predictions of the future. Maybe the differences in views has to do with what you choose to focus on. One annalist will say things are getting better and we’re on the road to recovery, the other sees major obstacles in our way and is more critical about what is being done. Both have their reasoning and the data that supports their thinking. I feel it’s good to be optimistic in life, at the same time, I think wisdom in this situation is also equally as important. Wisdom, I feel, would examine both sides of the coin and prepare for things to not go as imagined or planned. Right now it seems that some of the recession storm clouds may be breaking up, which is certainly welcome, but we don’t really know what turns exist in the road ahead. I guess the best thing to do is hope for the best, but at the same time be as realistic as possible. The last thing people need is false sense of hope that leaves them unprepared and in a worse state if things do take a turn for the worse.

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  1. 2 Responses to “The Fog of Recession”

  2. By Clare on May 8, 2009 | Reply

    On the other hand, like someone pointed out the other day, in a way it’s a self-fulfilling prophecy. People freak about the economy and choose to save their cash instead of spend it, and collectively it makes things much worse. Then they hear that it’s starting to get better, and start spending a little again, causing things to get a little better.

  3. By Justin on May 8, 2009 | Reply

    So true.

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Welcome to my blog. My name is Justin Paone and this is where I express my thoughts, discoveries,views and the day-to-day happenings in my life.

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