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This current economy is the epitome of a self-fulfilling prophecy. Every headline and news story which is negative about the economy includes the word "fear". Example from an article in the news today: "The euro has been bolstered by a string of downbeat U.S. economic reports, too, that has driven the dollar lower and lower as fears of a U.S. recession mount."
FEAR! It is the new "F" word.
What don't people get? This economy is NOT some run-away truck barreling down the mountain side with all of us hanging on as passengers! It is a vehicle which WE sit in the drivers seat of! Our "fears" are causing a chain reaction which is quite literally giving life to the fears themselves!
Troy Truth #1
If we could calm everybody down for just a moment and talk sense into them, this economy could actually stabilize and begin the rebound. But so long as there are scared people running through the streets shouting "the sky is falling", we will continue to spiral down.
If you have spent any significant time traveling by airplane, you have no doubt experienced turbulence. When that airplane hits that first air pocket and startles the sleeping passengers, the first reaction of most people is to look straight at the nearest flight attendent. Why? Because they are looking for some sort of reassurance that everything is fine. As they see her casually continue to serve drinks, we realize, that little turbulance was nothing to be concerned about. But... if they were to see terror in her eyes and panic in her voice, they too would begin to feel panic and their actions would begin to be driven by emotion, not logic.
In the instance of this economy, Americans are feeling the occasional economic turbulance that accompanies a free market like ours. When they look up for reassurance (usually to the media) they are NOT getting the reassuring message they deserve. They are getting grossly exaggerated claims of crisis, which then create fear where there was none, and so the vicous circle of spiraling panic begins.
Troy Truth #2
Folks, if we could just get the media in America to calm down and be a bit more rationale (I know, rational doesn't sell newspapers) then we could bring this economy back around. But if we don't, some will suffer more than they already have.
Please America, let cooler heads prevail... ignore the crazy man on the tv. It is just a little turbulence. We will land safely! Sit back, relax and enjoy the ride.
Troy Dunn
Check out Troy Dunn's new best-seller, "Young Bucks: How To Raise A Future Millionaire!" Available in all bookstores and Amazon.com.
1 comment:
Very insight full article friend, really you had described the real scene of our economy, If we feel our economy running towards high it's going to that, if we feel it's going to downfall then it's gone their, what is economy then a peoples power of their will, wish, actions which reflect that country economy.
Joshuas Law
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