Mayhem in Monarchies.
What does it all mean?
Nothing more than a recession that, thanks to Globalization, is actually Global in scope.
The looming Recesion can be depressing.
A looming Depression would be, well, worse I guess.
But what can be done?
Look for ways to make it during the downturn.
What do you do that you could do a little differently in a difficult economic environment?
How can you pay down some (any) of your debt and, even better, put a bit of cash away for the rainy days coming in 2009?
Are there ways you can improve your usefulness to your company or to your customers?
Can you find additional ways to increase revenue that you may not have looked for before?
Is there a chance you can grow your job or your business in new areas?
We all have to get a little more competitive now.
Because there does not appear to be a choice, we will see what a rough recession is like all over again.
1981-1982 was tough, definitely tougher in some parts of the country than others, but generally tough all over.
That appears to be the model.
At least if we believe the talking heads all over the airwaves and the internet.
We can hope it's not that bad, but we should plan for it to be at least that bad, maybe a little worse, since credit is tight now and it was not so tight then, it was just expensive.
That makes this recession carry the possibility of more unpleasantness than the Reagan Recession.
Which is a damn shame.
I would have liked to see what Obama could do in an average economy.
But then, a real test brings out the best, right?
Let's hope for that best.