The nucleic effect of the sub prime mortgage, the melt down of financial markets, the advent of a world wide recession… How many could see it coming, how many have prepared for it? I wouldn’t know… Some say it’s just “slowing down”, while some adhere to the doctrine of “What goes up must come down”. I belong to the latter…
Governments are dumping in tax payers’ money giving tax cuts and stimulus packages, only to delay the inevitable… But it is during times like these a visible line could be seen between the optimists and the pessimists. Taking opinions from 2, I could only decide to shift my standings along the balance of both.
Unemployment rates are forecasted to rise to as high as 6%... But when you are all out of job, unemployment rate is 100% to you. I’ve seen how a recession starts and its happening all over again. More crime, more unemployment, more suicides, and more poverty… A vicious cycle, tumbling down the bell curved sequence. A reset button to this economy which once flourished - everything needs to be restarted at some point somehow or another… Like life, like love, like computers…
These economics and all, they are not rocket science… They are change, an indefinite change that we could only roughly envisage yet inexplicable even after 2 millennia of studies. What we need to do is not to avoid change, what we need to do is not cutting rates and injecting money into this system… What we need to do, is to embrace it with every dollar we have… Reality is a tough pill to swallow, but that’s life…
Governments are dumping in tax payers’ money giving tax cuts and stimulus packages, only to delay the inevitable… But it is during times like these a visible line could be seen between the optimists and the pessimists. Taking opinions from 2, I could only decide to shift my standings along the balance of both.
Unemployment rates are forecasted to rise to as high as 6%... But when you are all out of job, unemployment rate is 100% to you. I’ve seen how a recession starts and its happening all over again. More crime, more unemployment, more suicides, and more poverty… A vicious cycle, tumbling down the bell curved sequence. A reset button to this economy which once flourished - everything needs to be restarted at some point somehow or another… Like life, like love, like computers…
These economics and all, they are not rocket science… They are change, an indefinite change that we could only roughly envisage yet inexplicable even after 2 millennia of studies. What we need to do is not to avoid change, what we need to do is not cutting rates and injecting money into this system… What we need to do, is to embrace it with every dollar we have… Reality is a tough pill to swallow, but that’s life…
Posts
No comments:
Post a Comment