As the global economy shrinks...
December 15, 2008 6:35am CST
This year will mark to be a momentous year for the global economy. Officially, we are now on global recession. Next year, we will all feel the heat for this fall-out. I receive an important email from a friend involved in online marketing which outlines some basic thought as far as the whole economy is concerned. Here it goes: "We need to realize that the economy is not some abstract entity separate from us. The economy is us. YOU and I are the economy. Our thoughts, behaviors, actions and mood collectively create the economy. Government can try to manipulate our actions through tax plans, regulations, incentives, etc. but in a nutshell WE are the economy. Our collective mood, productivity, innovation, positive energy and execution determines whether the economy is thriving or in a recession. Paying our mortgage helps the economy. Working hard helps the economy. Starting a business helps the economy. Making a product the world needs helps the economy. Replacing our psychology of fear with a psychology of trust helps the economy. And it helps you! And it helps everyone!" Hope we could learn something on this very basic tenet of wisdom.
15 Dec 08
you are right economy is WE and no matter whatever is the state it directly has impact on our financial state .....many have already lost money investing in all those shares and other stuffs like that..... don't know how long it will take to get back to the normal state