None of us in the boomer generation have seen the recession of the thirties, but must have surely heard of the terrifying times from our parents and others who lived through the time. So, it is obvious that we have a question in the back of our minds Is this the second recession?
The reason why we are all called boomers is because we have been born in a time where there has been a lot of growth all around. We have lived good lives, and have given our children a better place than what we were handed down. Yes, there have also been negative aspects like terrorism and global warming, but in general, life is good and has become better. But this current economic scenario has got us thinking. Is this the outcome of all the years of uncontrolled growth?
Top economists from around the world are of the opinion that this is not a real recession, and that things will turn around in a little time.
If we look at the first recession of the 30s, the cause is the same growth that has no parameters. Even today, the reason why the economy has reached a stage of meltdown is because of too many factors that have been neglected all these years. Everyone knew that this day would come, and all the smart people have put their eggs in different baskets. Only the ones who depended too heavily on the financial markets have been affected seriously.
So, what do we tell our children who are just starting their careers and their independent lives?
Simple Congratulate them, and tell them that this experience will seriously help them to plan for the rest of their lives. So, this is not the second coming of the recession. This is a slowdown yes! But not one that will slow us down for a long time! Afterall, we are the boomers, arent we?
www.boomeryearbook.com is a social networking site connecting the Baby Boomer generation. Share your thoughts, rediscover old friends, or expand your mind with brain games provided by clinical psychologist Dr. Karen Turner. Join today to discover the many ways we are helping Boomers connect for fun and profit.
For www.boomeryearbook.com
The reason why we are all called boomers is because we have been born in a time where there has been a lot of growth all around. We have lived good lives, and have given our children a better place than what we were handed down. Yes, there have also been negative aspects like terrorism and global warming, but in general, life is good and has become better. But this current economic scenario has got us thinking. Is this the outcome of all the years of uncontrolled growth?
Top economists from around the world are of the opinion that this is not a real recession, and that things will turn around in a little time.
If we look at the first recession of the 30s, the cause is the same growth that has no parameters. Even today, the reason why the economy has reached a stage of meltdown is because of too many factors that have been neglected all these years. Everyone knew that this day would come, and all the smart people have put their eggs in different baskets. Only the ones who depended too heavily on the financial markets have been affected seriously.
So, what do we tell our children who are just starting their careers and their independent lives?
Simple Congratulate them, and tell them that this experience will seriously help them to plan for the rest of their lives. So, this is not the second coming of the recession. This is a slowdown yes! But not one that will slow us down for a long time! Afterall, we are the boomers, arent we?
www.boomeryearbook.com is a social networking site connecting the Baby Boomer generation. Share your thoughts, rediscover old friends, or expand your mind with brain games provided by clinical psychologist Dr. Karen Turner. Join today to discover the many ways we are helping Boomers connect for fun and profit.
For www.boomeryearbook.com
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