 Recession 2008
Hindsight is insight, and timing
is everything. A
soaring real estate market and
continual rising fuel prices affecting
the price of virtually everything for us
consumers, was the writing on the wall
for this looming recession.
What goes up, must come down and it
stands to reason when prices rise so
quickly and by so much - they will fall
faster and harder.
Canada is not alone - it is a global
economic crunch we’re part of. We will
be forced to run a deficit - the question
is How much and for how long?
There’s always a buzz in the forefront
of our media reporting - today it
happens to be the bail out of our
precious auto industries (The Big 3).And everybody has an opinion - there’s
more than one fence to sit on here.
None of us wants to see all the workers
out of work (for many reasons, not the
least of which would mean a very
heavy load on our employment
insurance - costing us as the general
public, yet more money).
There is the potential loss of our
Canadian automobile industry and,
then there is the issue of our
government considering bail-out by
way of funding.
Like the Domino Effect - one fall
within a ‘well-oiled’ machine, effects
its closest counterpart. In the auto
industry, that happens to be the jobs and
livelyhood of many families.
The media - radio, television, print and
the web have always been able to make
us think. We think about what they tell
us, then consider how it may affect us as
individuals. We form our own opinions
and take action if and when necessary.
Mostly they report facts - isn’t that what
news is all about? But in an
increasingly concerned effort to ensure
the general public knows all that we
can, we are provided with the thoughts,
beliefs, speculations, and predictions
of many who are in the biz.
There is another old saying that
purports if you hear something enough
times, you begin to believe it.The line
between deciphering reality and
believing prediction become muted.
 Today’s action is
reduce, reduce, and reduce some more
of our spending and many industries
are feeling it.
Like the domino effect, a crisis of any
kind sets in motion a chain reaction of
similar behavior.
We’ve stopped much of our spending,
saving instead for when the recession
actually gets here.
If you’re feeling the crunch, then it is
time to redefine necessity and luxury.
This can be a difficult process and one
you may never forgive.
One thing is for sure - the turn-out in
participation in reducing our spending
is much, MUCH higher than it was in
this year’s Federal Election. What does
that tell you?
There is nothing that gets people more
hyped up than money. It controls our
very existence. It tells us where to live
and work. And because of that it tells us
what we eat, what activities (if any) we
get to do, what foods we eat, how much
and how we socialize and, what we can
ultimately provide to the next
generation..
We welcome your opinions and
contributions. To share yours
please contact us at:
403.646.0132 or Email Tracy Lamontagne
 
|
