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I read an interesting article in USA Today recently, which profiled seven people who unexpectedly lost their job, then turned around to create a situation better than the one they lost. From a bus driver to a piñata maker, each of these very different individuals used the negative experience of being laid off to make an even bigger, positive change ...
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Here in the Spring of 2009, it's easy to say that the financial crisis has decimated the global economy:
*Unemployment in the U.S. (and many other countries) is at a 25-year high
*An average of 40% of wealth has been lost by investors around the world
*Consumer spending is down almost everywhere
*Federal Interest rates are close to 0%
The gloom-and-doom is getting serious, people. Are you all ready to go down in the storm shelter and start putting gold under the mattress? Hopefully not, because we have something important to talk about today.
I’m not trying to make light of hardship in any way. I’ve previously explained that the recession sucks. All of us have been affected one way or another. If I had the choice, I’d prefer to have 15% gains for no work every year. Bring back the bubble!
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I’m about to get on a plane and head out to Washington, D.C. by way of Seattle and Chicago. After a few days there, I’ll begin a longer journey to several countries in Southern Africa. Expect more about the trip later. For now, something else has come up – specifically, the small matter of the global economic recession.
Unless you live on another planet (you never know), I’m going to assume that you’ve noticed it too... and there are probably as many opinions about what’s happening as there are readers of this post. Today I want to look at one specific question:
"Is it possible to completely avoid the effect of a serious global recession?"
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