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Economic Slowdown
By Nik San
We all are aware of the Worldwide Economic Slowdown by now. Most of us don’t really understand the minutes of the economics and are least bothered about it. But we all hear about the slowdown and people loosing their jobs and you might be the next person to loose the job. This is my effort to express my views on the economic slowdown and how should anybody tackle it, though I am not an expert in this matter.
---------------------------------------------------------- I always wonder why people are so terrified about the economic slowdown and big industrial giants going bankrupt. Of course, many people have their reason to worry about these things but I don’t find one to do so. I am not an economist but from whatever I have read and learned on the web, I understand that the economy runs in cycles. It may be the economy of a nation, an automobile giant or any other industry, company etc. Everything goes through this cycle which has its own down and up trends. I suppose that the economy was in an uptrend till the start of 2008 and now we are entering or we already are in a down trend. One can find many reasons for why the economy is south bound and the reasons could differ or change from country to country. The reasons could be different for every down trend for that matter but I think the reasons are nothing but the triggers which drive the economic cycles. This is not the 1st economic slow down! The world has witnessed many more slowdowns in the past and has also recovered from the same, so why make a fuss about it? Today, I find the headlines on newspapers, websites and blogs screaming like there is no tomorrow and the economy will never be strong again and the growth has reached its peak and now everything is going to end and we all are going to loose our jobs & money! I think that we all need to be careful and save as much as I can for the nearest future and I am sure we all have enough time to review our necessities & spending. The industries will find a way to survive and after a few months or years it will all be smooth again. An economic bubble has to burst at some point of time so that it all comes to a neutral stage and rise again. Everything goes through phases and whatever goes down goes up too! I would take this slowdown as an opportunity to save well and invest sound. For example, this is the time to buy good stocks at cheaper rates and build your income sources for the future. This is the time to wake up and plan for a better future. If you loose your job, it would be a time to learn new skills and start exploring new horizons and to look for new emerging business sectors which would drive the economy of tomorrow. Everybody need not agree with me and economy experts may have different thoughts about the slowdown but if you think this makes sense, plan your money and start acting upon it, I am sure we all have a bright future ahead! Thanks for reading |
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This intel was contributed by niksan
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February, 2012
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