What will happen to the economy?

Note: This post was originally published on June 21st 2009 and should be read in that context.

For a long time now, I have suspected that is the financial crisis may not have bottomed. I have been very sceptical of published positive comments of some real estate agents and politicians, who have heralded imminent better times.

I am not an expert in economics however when looking at the world situation from a business and human behavior perspective, I get the distinct impression that things could indeed get a lot worse. As a result, I am unsurprised to come across the following article:

There’s worse to come for the economy

The article relates how Harry Dent, an economic forecaster who predicted Japan’s 1990s recession and the present economic crisis, views the situation. I think we would do well to listen to what he has to say – his track record certainly indicates that and his views seem to make sense.

Clearly, one of the issues behind and fuelling a recession is widespread fear. Another aspect to the recession scenario is false hope. Hope is a key aspect of humanity’s way of thinking though it can be dangerous when misused. The majority of us want things to improve, but we need to ensure that our thoughts are anchored in reality, whilst at the same time ensuring that we do not succumb to the fear mentality along the lines of what I discussed in my personal development blog articles (see below).

Further reading:

Recession is not bad! Be careful who you listen to and what you think.

How to focus on the next economic boom.

Related posts:

1. How to focus on the next economic boom.
2. Why you need to think carefully about your friendships
3. Recession is not bad! Be careful who you listen to and what you think.
4. 5 survival tips for a brutal economy.
5. Key economic calendar