You keep hearing this explanation and that explanation for the trouble with the economy. One says “blame this”…another says “blame that”….all seem to be missing the bigger point. Let me state right here, right now…”There is ..NO…I repeat NO….single reason for the current economic crisis. The situation was caused by a multitude of problems that accumulated, and once they reached the tipping point it was an all out assault to the downside.
Everyone from TV to Radio to what ever has an opinion they want to share saying theirs is correct. Problem is most of them are. An accumulating total of bad ideas gone wrong is what happened, and that brings us back to the pendulum.
Pendulums swing back and forth. We have just witnessed one side of the swing…The other side is now taking place.
Just as hard and as fast as the former swing went, the return stroke can be just as hard, and fast. What most are unaware of is where they are on the swing. Some got off earlier and thought they were safe. Some continued to ride thinking it would go on for ever. Both are coming to realize they were wrong. The problem inherent in a pendulum swing is once you get knocked down, it’s not the first strike that’s lethal. It’s the strike that happens as your trying to regain your footing, and unprepared for the second swing coming from the opposite direction. In a weakened state, and thinking the worst was behind you most will allow themselves the time of being vulnerable to do what they call” Healing from their wounds” not realizing the next punch can be much more severe than the last.
The only thing one can do to be prudent in these economic times is to realize a pendulum swings..That’s what it does, and that’s what it will do. You can not stop the swings in life, nor in economic terms. Your best defense is to grasp the pendulum in it’s swing knowing you’ll have to release at some point. Or make sure your not vulnerable to the swings, and either move out of the way, or Duck!
© 2009 Mark St.Cyr All Rights Reserved