The Sky Is Falling....
It must be true. It’s in the newspapers, on TV and the radio. The economy is in trouble. Stocks, mortgages, banks, insurance companies. All falling and/or failing.
But, falling from where? The biggest economic boom of all time? The biggest housing boom of all time? The easiest loan requirements of all time?
Business is not down, it’s just different. The media, with their mysterious ways of relaying half-truths and impartial information, have impressed upon us to graciously "miss the point", thanks in part to the number 1 controller of our actions: Fear.
For example, when you hear the negative statistic on the news that home sales are down 33%, it actually means that FIVE MILLION homes will be sold this year. The only unanswered question is: Who will get that business? The media portrays gloom when actually there’s still PLENTY of opportunity – just not as much as before.
The low hanging fruit of two years ago is now much higher in the trees.
There’s plenty of business in the marketplace – just not as much as there was during what was the biggest housing and economic boom of all time. As a result, businesses are adjusting to current market conditions. (And this is especially reflected in the stock market, which has been and will always be the leading indicator of commerce... Investors should take heed.)
Since no one can predict the future, and the economic growth or slowdown answers are not yet apparent, senior management must react to present-day situations. Finding those who are doing so should be a primary focus of investment strategy going forward... Survival of the Fittest! and all that jazz...
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