Fear, uncertainty and doubt. We are surrounded by it. We are in recession, isn’t it awful, we have to do something, the world is going to end.
You would think that we have never faced economic cycles or variation before.
I believe strongly that we move toward what we think about, both individually and collectively.
Those who would benefit from a recession (politicians, etc.) are spreading FUD as fast and as deep as they can because if we collectively believe it then it will be so.
And with the FUD being spread of course our government is running to the rescue. (It is an election year after all)
To me the US Government in this scenario is financially behaving just like the mortgage bankers they criticize, let’s give them more money, don’t worry about paying it back, things will get better and you will be able to afford it when it is due.
After all whats $150 Billion out of a $2+ Trillion expense budget!
Keep in mind 2007 Q2 GDP growth was 3.8% and Q3 was 4.9% according to the US BEA. Q4 is not available yet and 2008 is forecast to be somewhere around 2% GDP growth. The last definition I heard of recession is two consecutive quarters of negative GDP growth.
“I believe strongly that we move toward what we think about, both individually and collectively. . .”
We certainly do - and that would be called “The Law of Attraction.” If you think it, you will be it. And it does operate both individually and collectively.
And once you become aware of it, you can use your free will to manipulate and alter the end circumstances. We don’t have to swallow it.
I couldn’t agree with you more! Put your head down, turn the television off and stay focused - don’t let the fear-mongers convince you that “the sky is falling” when it’s not!
Caroline