DLZ

Why This Isn't Financial Armageddon

X-Positif,

I admire your thoughts if I understood you correctly that outcomes can also be affected by people's outlook and perception.

Anyway, from the feedback I'm reading here, sounds like people really are in the negative mindset as can be seen by how some think this is armageddon, how they think gov't intervention is wrong, how bitter they are with Chester's rich party people's present experience. Ofcourse they are somewhat justified in their feelings by recent events.

Imagine if all the CEOs of the fortune 500 start thinking in the same manner, that business is hopeless and they should all close shop in anticipation of shrinking of economy. Then I guess you can expect unemployment to reach record highs and armageddon. Having a pesimistic mindset can really influence fundamental outcomes.

People's moods have a tendency to swing to opposite extremes. That's part of life.

Goodluck in your stop whining and take positive affirmative action. I think it's great that you have that mindset.


Chester,

Keep writing. That was a very entertaining, informative and good article. I"m sure it inspired a lot of readers.




On Nov 21 06:45 AM X-Positif wrote:

> Dear Chester,
>
> Greetings to you, and all my friends in Manila and the Philippines.

>
>
> You are onto something here. However, you are only revealing what
> reality looks like for some of the more privileged among us. On
> the other hand, you are not addressing the reasons why we are talking
> about an economic hangover when in fact, most of us behave no where
> near what we would behave like if we were truly close to the end
> of the materialistic world as we know it.
>
> May I suggest that the blind have been preaching to the blind? Politicians
> have been pointing fingers. And though some blatant mistakes have
> gone unnoticed (and unpunished) for too long in our businesses, financial
> institutions, industry, and capitalistic markets at large, our representatives
> in Washington are flushing the baby away with the bath water.

>
>
> The negative pictures they have been sketching for us over the past
> six months are actually beginning to take shape. Anyone being told
> repeatedly by the so-called "people in power" that things are going
> down the drain fast would be a fool not to take appropriate action
> in order to protect what little of his or her hard work is left to
> salvage, especially considering the dramatic shake-up in stock markets
> around the world. And for those for who, like you suggest, life
> is still on automatic -full speed ahead/no habits have changed- they
> are being told that things are about to get worse and that soon no
> one will be unaffected.
>
> Well, no one is unaffected. If we are claiming we are in the midst
> of a crisis, there doesn't have to be an Armageddon in the works
> for a real crisis to take shape.
>
> In my spare time I coach competitive tennis to kids. When I tell
> them how to serve and they tell me "I can't do that," in their whiny
> little voices, I reply: "you're damn right! If you say you can not
> do it, I won't disagree with you that you cannot do it. Before you
> can handle tennis, you have to be determined that you will do it."

>
>
> My point is that in order to gain access to the highest office in
> our Western Civilization, politicians have been slinging so much
> mud around (and though much of it might be true -as it always has
> been), that the positive spirit that made the United States of America
> such a powerful economic force has been shaken to the point where
> people are left hopeless, waiting in fear for the next day to see
> their portfolios drop by another 5 to 10 percent. They feel powerless
> and BELIEVE they totally lost CONTROL over their business, their
> wealth, their lives, their destiny. Investors I speak with daily
> tell me that in the morning, when they turn on the news or their
> PC, they EXPECT to hear more bad news that inevitably is going to
> drag down the market from the get-go. Their will has capitulated
> and all they see is an inevitable slide for the worse.
>
> You know what? That's exactly what is going to happen!
>
> For those not convinced about how this works, read: "The Secret"
> by Rhonda Byrne. I wouldn't describe the universe the way she does.
> However, we are creating the world that we are living in (we -mankind-
> take credit or blame for building and/or destroying the world).
> And it all begins with what we THINK is right or wrong; what we THINK
> we need more of, or less of; what we THINK is our potential ahead
> of us, or the inevitable disaster and doom that awaits us.
>
> Wake up, people (and I am looking especially at you: politicians
> and news casters). If you are unhappy about the abuses our system
> has permitted, summon a judge to take action. If you believe you
> need new laws and regulations, call upon your representatives to
> enact some. But stop blaming the whole damn world for all your lack
> of diligence of the past, because you ARE throwing the baby away
> with the bath water.
>
> Remember one thing: your (OUR) pessimism is not what makes you (US)
> great leaders. Create a vision for a better future that people can
> believe in, and you will see that soon, THAT's where the focus will
> shift to.
>
> Thanks, Chester, for inspiring me to express my thoughts on this.

>
>
> X-Positive