Is It Time To Panic About The Economy?

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Panic About The Economy

If you’re anything like me, then you know what could be described as “not much” when it comes to the economy.

One thing I know is that the media love to predict crashes and terrible calamity when it comes to the economy.

Then of course, when it’s truly bad, like 2008’s Global Financial Crisis they missed it entirely. 

Sadly, the current situation is very scary.  

Governments, banks and consumers have absolute mountains of debt.  Nothing has ever been seen like these levels of debt ever before. If economies and wages keep growing then high debt can be managed.

But as we all know, that is not happening

Trump and his trade wars have slowed the global economy.  Wages have not even come close to keeping up over the last 10 years.  That’s actually why consumers have been going further into debt. Debt that most will never be able to pay off.

To make matters worse, now loans have negative interest rates!   Who the hell has ever heard of that?!?

global real 10 year bond yields data

So, you borrow money and they pay you the interest….how is that sustainable for the financial industry.  Clearly it’s not.

Then to top off our current situation, the indicators are showing we’re on the verge of a recession.

For a more full and unbiased explanation of our current situation, check out this easy to understand report by Australia’s ABC:  Global financial markets may be in the midst of a major moment in history

The point of me writing this article is for you to finally come to your senses and notice what’s really going on.  If you’ve been in your business for any amount of time and you’ve just been paddling along slowly. If you’ve just been phoning it in rather than actually busting a gut to grow the damn thing then, it’s time to pull your finger out!

If this situation doesn’t scare the crap out of you then, I guess nothing will.

You must be thinking your boss is going to look after you as his empire collapses around his ears.

What about your credit card company, do you think they will just forgive your debt?

Your bank is awesome, they will probably call you and tell you not to worry about your mortgage until things pick up again.  

Trust me, no one is going to look after you.  

You’re on your own and the only thing that can save you is to build your business.  

Look on the bright side, there are millions of people scared and worried about the economy.  None of those people can fix it. But they are looking for a lifeline.

Life Boat

You have the lifeline, get out and rescue some people.  Drag them onto your lifeboat. They will bring their friends.  

Soon you will alll and on a beautiful tropical island with …

A beautiful, white sand beach.  

I’ll be there with some cool drinks to welcome you to paradise

Don In Thailand
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