The economic downturn is a blessing in disguise!  |
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We are all affected by this global economic downturn. It has seen many big organizations collapsed leaving many people redundant and unemployment is getting out of hands. Many properties have gone under the harmer for failing to meet the monthly commitments. The banks have no mercy on people who are being badly hit by this worsening economic situation. The banks provide umbrellas during sunshine but takes them away when there is thunderstorm. That is the game of the bank. No one can help anyone as everyone seems to be in the same dilemma. Don't you feel the pinch of the current situation? I have longed been pushed to the limits and is now surviving on my reserved as my business is very slow and I don't see it picking up that too soon. People are careful spenders now and they no longer spend unnecessarily especially on entertainment. I am badly hit as I am in the entertainment line of business.
But all is not lost. If this economic downturn is the result of human errors God is still merciful on those who keep knocking and asking. I could have been driven to obscurity if my prayers have not been answered. Finally, a company has eyed my land and is developing it into a beautiful housing estate on a joint venture basis. I am so thankful that I could now breath a sigh of relieve knowing that this would be the beginning to an end on all my miseries. If it has not been this disastrous economy I wouldn't have opened my eyes wide to reach the light at the other end of the tunnel. It is indeed a blessing in disguise. Has the present scenario changed your present economic status? Good or bad what ever. 
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2. savak03 (2163) | 4 weeks ago | Well, I guess if I must look for the silver lining to this cloud I would have to say that finding a way to make a living that leaves me in control of when and how long I work was a blessing.
I began to look for ways to do this when I realized I was no longer able to work a steady job that kept me at work every day for 8 to 10 hours. I could do it but usually I would only last a month before I was in too much pain to continue. Even less if I had to stand on my feet.
If the economy hadn't been so bad I would probably just have quit working and tried to live on my disability but there is not enough money in that check to pay my rent let alone other expenses. So I serched for something I could do and found this great job that I do love.
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3. reeyan (423) | 4 weeks ago | HI zandi458, Its very tough economical phenomenon. Actually the economy of a country is based on the resources of the country. So Economic downturn means descending turn of the resources of the countries of the world. But is it possible. What happened to the world that economy ruin in night. So it is very complex situation that arise in the world. As there is not any visible changes accrued in the world to resources, why such a disaster take place in the economic field of the world. All this nothing but the negative impact of the globalization. We have facilitated by the globalization much more so we now should be ready to face with the calamities of the globalization. Economy mainly based on the on the total resources. And economic condition of a country is the estimation of the resources. If any country wrongly estimate the resources and do any trickery in the ratio of resources and currency then an imbalance come to its economy and may consequential phenomenon occurs there. It may resultant in inflation. Under the overshadow of globalization now a new concept come out to the economics science. In the Orthodox economic science there is no concept about the world economy. It is the by product of globalization. In the name of globalization we have ignore some certain rules of economics. Basically state economy is constituted by the supreme authority of the state. As that is on the basis of the benefits of the common people there is little less chance of adding trickery in the determination of economic value. And there less chance of wrong calculation in resources so there is more chance of right valuation and the ration between resources and currency to be proportionate. But in the name of globalization we seen that some companies grow more powerful even than to the state. They have entitle more powerful economic reconsideration. But in this they have break some certain economic rules for their benefit. In this the basic theory of estimation of resources is imbalanced and a so called sophisticated economy is grown all over the world. This economy bring a misconception on the economic situation of the so called world economy. Now for instance I want to state that as in the shadow of globalization some powerful companies gain the status of to determined the economic structure has done wrong calculation for their short term benefit. It is come to the notice that some companies show their economic status for more than that they actually have. This is the main point that led us to this disaster. They have paid some of their distinguished employees such a huge salary per month that can't not be possible to earn even in the struggle of the whole life by any very energetic and well skilled laborious people. I just want to state you the LEHMAN BROTHERS GROUP. Just check the salary structure of the M.D. and executive level employees of that companies. What special ability they have and what out put the company get from them???? It is nothing but to show the status and sophisticasy that the company want to show.If the so highly paid employees of this company had the ability and they are really paid for that work the company must not ruined. Thus a so called economy was raised under the shadow of globalization. But this type of trickery may not last long. The latest economic situation is just uncover the reality. It is right that some people around have to pay for this situation but it can't be describe as the economic disaster of the world. Though the situation arise round the world is pathetic and resultant of some wrong calculation and management of economic phenomenon, there is an another conspiracy to describe all this as economic disaster of the world. Certainly the latest situation touch the common man of the world, but it is not the end of the economy round the world. So it is one lesson to the state that some certain economic power must not entitled to the private sector. If state would not preserve some certain economic power in its own world must have to face more measurable situation than occurred now.
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zandi458 (5718) | 4 weeks ago | Reading through your long explanation here I honestly tell you that I am not competent enough to fully understand the reasoning of all these economic imbalances that had plunged the world economic situation. All I am aware of is the untold sufferings of many people due to this economic disaster.
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reeyan (423) | 4 weeks ago | HI zandi458Sorry if I annoyed you by my long witting. I had just try to explain the situation aroused. The caused behind it. Any way I appreciate your awareness to the people the untold sufferings. But pleading pardon from them I just can say they some people must have to effect by it. No one can bring them out from this critical juncture. But there is the positive impact of the phenomenon that state should be aware here after in the formation of economic structure. I just consulate you that there no any force that can collapse the economic system. I will grown with its own glory. We have just little pay for it. I just tender regret for them who are effected by it.
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reeyan (423) | 4 weeks ago | Hi zandi458
Basically I am not a student of economics. But I have little knowledge on economics but it is not enough to teach anyone the economics. Moreover that there may perfection in the concept. But I tried to elaborate the disadvantage of so called globalization of economy. Thank you.
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4. paleorainy (571) | 4 weeks ago | I am glad things are turning well for you, unluckily they are not turning well for everyone affected by recession, wish there were more stories like yours but I fear those are 'exceptions'.
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zandi458 (5718) | 4 weeks ago | Be strong to face the depressive situation now and hopefully we will get over it soon. I have suffered long enough and what I encountered now is a sweet revenge for the untold sufferings I went through.
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zandi458 (5718) | 4 weeks ago | Great that you are not being greatly affected when others are suffering due to the recession. We should beat the present bad situation by practicing thriftiness.
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6. samson1967 (4960) | 4 weeks ago | It is the right time for the investors, and the seller(property) is the looser, this economic crisis has united the society and the family members, during boom period everybody used to be busy(act busy), but, now they have time to spend and they share their joy and sorrows with their friends, nearest and dearest ones. This global recession has taught us that love and relation is important than materialistic things, and really contributed to human faith and love.
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zandi458 (5718) | 4 weeks ago | Looks like the recession has seen more unity in family ties. That is indeed a blessing in disguise.
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7. Thoroughrob (7801) | 4 weeks ago | It sounds like you may have come out pretty good. Congratulations, I wish everyone could come out pretty good, unfortunately, I don't think it will be the case.
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zandi458 (5718) | 4 weeks ago | Not after suffering from a long drought season. Everyone needs to play their role in uplifting their economic status when opportunity strikes.
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8. Lakota12 (16748) | 4 weeks ago | Only thing has really changed here is the cost of food keeps going up! also in the resteraunts prices have gone up so we dont eat out once a month any more. and have a person lining back with us that lost job now works some temp jobs and tonight we will have 2 more here one grown up and a 4 month old baby! So things are going to be crownded here for awhile as the playpen will go back up and walker in and high chair too! and its time for us to start decorating for Christmas oh myyyyyyyyyyyy We will survive!!!
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zandi458 (5718) | 4 weeks ago | We are still able to survive if we practice thriftiness.
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Lakota12 (16748) | 4 weeks ago | we alsways try to do that and daughters hubby had a plan for 2 weeks of grocery less than $140 and we ran out of food,food, on Wednesday! grrrrrrrrrrrrrr
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9. ANTIQUELADY (11085) | 4 weeks ago | I am glad u have gotten help to your problem. I know alot of people are struggling. I do think when people live above their means they get in trouble & i think alot of people have done this. U need to always think anout the rainy days because they will come along. I have not been as affected as alot of people because i have always had to live pretty frugally.
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zandi458 (5718) | 4 weeks ago | I should have practice frugal living but did not. I have learned my bitter lessons and am thankful that I survived before this opportunity knocks on my door.
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ANTIQUELADY (11085) | 4 weeks ago | We all learn from the mistakes we make & i have made alot. Happy days to u.
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10. riyasam (10769) | 4 weeks ago | yes,the present economic recession has affected everybody including me but trying to looking on the positive side my unwanted expenditure has been curtailed and i am learning to live happily by what i have.
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zandi458 (5718) | 4 weeks ago | That is the way it should be by living within our means. Forget about the life we used to enjoy when we were in good times.
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