The economy has been a deep and serious concern for many, bringing with it a spirit of fear, survival concerns, and worry about what the future holds. In light of the current situation, people are simply panicking and thus making irrational decisions based on fear. Let’s face it, history shows us just how severe such an economic crash can be. We need look only a few decades back to see the potential results. And, yes, that can be frightening.
Many people have called, written, and emailed me asking questions regarding our future. What can we expect? Will we have another Great Depression? Will it be worse than the Great Depression? Will this situation turn around any time soon? Should I be doing this, that , the other … The questions have been innumerable.
Yes, things will improve. In fact, this current financial crisis will result in amazingly wonderful things. But let’s first take a look at the current, more immediate situation:
Yes, things will continue to tumble. In spite of the stimulus package being proposed (and it will pass once a few more minor modifications have been made) will not stop the downward spiral. The impact our dear President Barack Obama intends for this package to create will be only half-fulfilled, which is truly greater than most can hope for. However, more jobs will be lost (in the millions), more companies will go under, and people will continue to lose homes and other valuable possessions. We have not yet hit rock bottom, as the old cliché goes. It isn’t over yet, but it also isn’t necessary to put your head between your legs and kiss your rear goodbye, for great things are around the corner.
In about two years time, we will begin to see the lifting of this economic crisis. It will be slow starting, but once the relief begins, we can expect it to continue in a positive direction.
Within a few months of hitting the proverbial rock bottom, we’ll begin to see an amazing boom in the economy, both in the USA and abroad – and it’s quite likely to be an historical boon (and boom), the likes of which we have never before seen.
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