Take A Step Back to Look at the Economy

News business is the news business. They will always have news. If they don’t have real news, they will generate “new” news. Experts whose jobs are to write reviews, criticism, and various articles will also always generate opinions because that is their jobs. Not their fault.

News thrive on drama and for the past decade, negative drama. So, there will always be headlines like “Economy shrinks at worst pace in 26 years,” and additionally, for the past month, I have read “Oil below $xx [namely anything below 50] on record economic lows” on every single friggin’ day in finance news section. Can we move on now? Sometimes I feel like Wall Street and stock market is just like reality TV show. They keep repeating same freakin’ drama.

The economy is not good for sure, but because everyone is “hyped” about discussing economy difficulty and doom and gloom, if the media does not say “26 years,” the media will still say “Economy shrinks at worst pace in 9 years!!!” Put an arbitrary number to your liking.

Is the economy is bad shape? Yes. Has it been this bad for a long long time? Probably not. Is it really as bad as the media makes it sound? Maybe not. But in all honesty, I believe that nobody REALLY knows, just like nothing is ever certain in life.

No, I am not saying we should deny reality. That is another harmful thing to do, just like if we feed on to these drama. The media is merely doing their jobs, and it is our responsibility to observe what it truth to ourselves.

That is why I suggest that we shall take a step back when we listen and read from media. Learn what is going on but distinguish the drama.

I understand many are affected with layoffs, and personally, these things are starting to hit closer and closer to home. These will make “taking a step back” very difficult. But in another perspective, we can only do the best we can. It maybe painful. Very painful. But we just have to keep chugging along and stop holding onto the past, drama, and the “excess”.

If the bull economy is simply a bubble, meaning an illusion, and that many people’s life style are bloated, or simply unaffordable, maybe it is not so bad that such illusion and “bloated-ness” is beginning to fade away. Painful? Maybe it is because we are trying to hold on to it and nobody wants the party to end. But if it is an illusion, it would be better for us to wake up, right?

I sincerely believe that by shedding the accumulated excess will allow each of us to see more of what our life is about and thus lead us down to a better path. More on this next post.

ps. If you are here to find a bit of good news in this economy, visit this blog — Carpe Diem.

Originally posted 2009-02-28 23:31:49. Republished by Blog Post Promoter