Dwellgo News (Issue11)

Let’s Not Panic…

As the gloom and doom of the declining world economy continues it’s important that we keep good balance and perspective at the forefront of our thinking. Granted, every hour seems to bring deeper recession worries, every government report drives the DOW lower and every newspaper reveals another compromised professional business figure. I have to admit I never thought the whole world in unison would respond to an economic downturn as efficiently as we have. It feels like all 5 billion people on planet earth decided to quit spending money.  Consequently virtually all sectors of the  world economy are plummeting, in all parts of the world. We are hard pressed to find glimmers of hope anywhere.

Let’s not panic. Let’s remember nothing lasts forever. Let’s remember people tend to have short memories. As painful as it might be, given time, the economy will make the necessary adjustments to absorb inventories, cut fat, and refine business plans to better ensure predictable profit margins. We should emerge a stronger nation, with lessons hopefully learned. In the meantime there is something for each one of us in the downturn that we can learn about real estate, business, politics and most of all ourselves.
Cheer up, no need to panic, we are in some of the most interesting economic times of our lives. Keep the faith and take steps now to be prepared to buy when the time is right.

Jay Otto