Easy Come , Easy Go

How many platitudes come to mind in a crisis…easy come, easy go, pride cometh before a fall, you win some you lose some, look after the pennies…they just keep coming. All that potted wisdom our grand parents put into us and our languages gave us as wise counsel. Out the window! All those adages were ignored and now we keep reading how every country is daily losing millions and how easy it all is. One day they are rich. Six months later they are struggling and this financial crisis is now world wide and you can see just how tied up and dependent our global economy is. People are doing things to try and fix it but we haven’t stopped the flow. Russians are losing millions. The Chinese are now losing money and the whole world is in a flap…except those who have no money. There are millions of people for whom this is irrelevant and yet the great promise by G8 to work on making poverty history is ringing rather hollowly right now. Words come easily, don’t they? All talk. There has been a lot of talk through this financial mayhem too and the subprime mortgages have a lot to answer for. We might get some positives out of the whole thing in the long run but at the moment people believe we can choose between addressing the financial crisis or global warming. The global financial crisis will be of little consequence in a planet which cannot sustain itself. I still want to know how financial people managed to make this mess. People who would want to be considered good at their job and experts in their field. So who do we trust? Who do we call? Never ceases to amaze me how, in the information age we are privy to such poor quality information! If anything has been in recession it’s prudence and common sense.

Financial Crisis

Image via WikipediaOur money situation just didn’t happen just like that. It’s important to respond and not react. It’s going up, down and all over the place. The great outcome of this is that people are pooling their thinking resources and some really interesting views and explanations are being heard. Radio stations and the Net are coming into their own as they share news and views very quickly and effectively. We are really very fortunate to have an ageing population because they have a wealth of knowledge and experience on which to base some interpretations of this market. Then we have some real whizz kids out there who understand how the new terms and ideas work and can interpret that for us. The big plus of this situation is there is no generation gap. The age groups are working together harmoniously to bring some sense and sanity into all of this. Firstly it brings us information. Secondly it is bringing us strategies and thirdly it is getting so many people to think better about the current situation. The whole world is online and we are able to share our views , knowledge and experience. We are able to get information quickly and then there are people who are showing us what to do with that information. Money crises are not a bit fun and people are tearing their hair out. We just need to have confidence in our connectivity so that international experts can help us sort through this in a more comfortable way.It really is a challenge and it’s a test of whether we actually have sufficient knowledge and know how to competently steer the global markets! The good news is there is plenty of good information out there to help you sort through any decisions you might have to make.