Recession

Those experts, like Bernanke, refrain from using the word recession even though we are in one.  This is a normal part of the market cycle and the market is reflecting this.  It's not the recession that is creating the 'whip-saw' effect, it's the lack of confidence in the experts.  The Fed has given billions to the banks, yet there is no reflection of that on the loaning side to businesses and individuals, collectively.  Paulson is now showing what we intuitively knew; that the bailout should not have been passed.  We are the blind leading the blind.  Taking one prudent step at a time is the lesson to learn versus throwing money around as if it is limitless like we have done.  The higher the country's debt, the less value of the dollar.  Where is the visionary who is looking long-term as we take a big hit in the short-term?  I'm only noticing speeches that say everyone will be rescued.  That is a victim mentality and does not allow for soul growth in learning how to be self-empowered and creative in finding a solution at the individual and community level.

In my previous blog, I mentioned two signs for my optimism.  The third sign came out today with Warren Buffet saying he is buying U.S. stocks now.  He is worth listening to because through his actions and net worth, he has lived the 'American dream.'  Only listen to those who 'walk their talk,' not those who talk according to what they think Americans want to hear.  Listen to those who reflect self-empowerment, not those who use the 'fear consciousness' to manipulate the public with only words.  When fear is present, the clarity is blurred and actions taken will be distorted reflecting this.  Again, I say this because I am thinking of our children, grandchildren and the unborn yet to come.