There is much talk about a recession right now. There are even some using the “D” word. When it comes down to it, how much will the recession impact you? There is more of a choice than most people think.

I find it interesting that the media does such a great job at scaring people when there is any shift in the economy. This is where the biggest damage is done- when people listen to an outside source and start acting as if that were true for them. People begin to hoard and go into fear mode, effectivly causing a personal recession for them. The true loss is the abundance paradigm, the desire for exchange, and the loss of focus on value creation. It becomes a self-fulfilling prophecy. Someone speaks it and then others act it.

If you have been in the real estate or mortgage market as a profession, there is not doubt that massive changes have had a direct impact. But for most people, this may have impacted their stock portfolios, but were they getting cash flow from the portfolio or meaning to cash out? Probably not. The talk instills a fear that diminishes confidence which wipes out certainty. With a loss of confidence there is a minimization of exchange and a focus of fear.

So what are you going to do about the “recession”? The economy that is most important is your personal economy. What is going on with you? How can you create value?

More to come.

One Response

1. Tyler Zito Says:
   January 21st, 2008 at 9:51 pm

   thanks garrett for your brilliant insight. this is why I dont watch the news

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