many companies and market analysts claim things won't start looking good until at least the end of next year, so the big ones are carrying out closure of plants or massive retrenchments.
but what exactly caused it?
nay, not that crap about the big five financial loan sharks having their fins cut. it's all in the mind.
it's easy, just look at it this way.
economic 'experts' adopt this doom and gloom syndrome and claim the worst ain't over yet. then the firms listen to their words of wisdom and start cutting costs and retrenching people. so the people start fearing the red letter, golden handshake, or whatever it's called now, and cut their expenditures and start attending night schools to talentise themselves. and then the 'experts' gather data from shopping malls and surveys from wherever, and then claim that armageddon's coming because sales are down.
the economy grinds to a thundering halt.
see? it's a darwinian evolution. everybody's afraid that they'll be eliminated, so they take steps to ensure they won't, and in the process doom others in the workplace, market, industry, field, whatever.
the newspapers. it's like reading the same thing day after day with the same key words: lend, cut, stimulus, bailouts, slumps, suicides, etc.
maybe i'm wrong. maybe i assimilate this in too simple a way. maybe i can't read. maybe i'm stupid.
but if i'm right, then there's only one way to solve this. people, get off your asses and start spending some. right now the economy's like a whale thrashing in shallow waters, trying to get back into the deep end. if everybody just gave it a nudge it'd be over in no time.
it's only a recession if you think it is.
moi? nay, i can't spend my moolahs just yet.
cuz this gold be fer the fighter in the street, argh! or per'aps the magic numbers. savvy?
but what exactly caused it?
nay, not that crap about the big five financial loan sharks having their fins cut. it's all in the mind.
it's easy, just look at it this way.
economic 'experts' adopt this doom and gloom syndrome and claim the worst ain't over yet. then the firms listen to their words of wisdom and start cutting costs and retrenching people. so the people start fearing the red letter, golden handshake, or whatever it's called now, and cut their expenditures and start attending night schools to talentise themselves. and then the 'experts' gather data from shopping malls and surveys from wherever, and then claim that armageddon's coming because sales are down.
the economy grinds to a thundering halt.
see? it's a darwinian evolution. everybody's afraid that they'll be eliminated, so they take steps to ensure they won't, and in the process doom others in the workplace, market, industry, field, whatever.
the newspapers. it's like reading the same thing day after day with the same key words: lend, cut, stimulus, bailouts, slumps, suicides, etc.
maybe i'm wrong. maybe i assimilate this in too simple a way. maybe i can't read. maybe i'm stupid.
but if i'm right, then there's only one way to solve this. people, get off your asses and start spending some. right now the economy's like a whale thrashing in shallow waters, trying to get back into the deep end. if everybody just gave it a nudge it'd be over in no time.
it's only a recession if you think it is.
moi? nay, i can't spend my moolahs just yet.
cuz this gold be fer the fighter in the street, argh! or per'aps the magic numbers. savvy?
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