U.S. Negative GDP 4Q 2008
The U.S. posted a negative 3.8% GDP on the last quarter of 2008 according to the latest data from the Department of Commerce. Although this figure is still an initial estimate, it is in fact very alarming. We were all expecting that the holiday season will somehow trigger spending but it was not so.
Washington Post was correct to observe that this scenario simply “…shows how a global credit crunch, a weak U.S. real estate market, and a decline in consumer spending have combined to undercut economic growth.” Then you still have the price of petrol products increasing little by little. While it is admirable that the new President is determined to cut the U.S. dependence on foreign-sourced oil, the average American is still very dependent on using his own car rather than finding and using alternative mode of transportation.
Default Mortgages
On another note, many are still defaulting their mortgages. This is rather hard for mortgage brokers who rely on this specific sector of the finance industry. Still, not to mention, many are still losing their jobs. Nonetheless, would one consider a career as a mortgage broker or mortgage banker, running net mortgage branches while the economy is still spiraling down? Why not. What you need is a reliable partner, like www.brightgreenmortgage.com, who will treat you as one, help you run your business, and achieve your full potential in this area. It is worth the try, especially if you have an indomitable entrepreneurial spirit, “ proven performance, problem solving & relationship building skills, along with a solid reputation, and uncompromising ethics. “Positive Perspective in Crisis
In my simple mind, any crisis (particularly, this recession) are but opportunities wrapped in rough edges that needed to be chipped away. Sometimes, it is a matter of perspective. Numbers (like a negative GDP, or a very low sales turnover on your business) can sometimes deter us. However, for some, the same numbers can actually propel them to stretch and achieve more.How about you; what is your take on these things?
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About the Author
Nor Franco is the Managing Director and Virtual CEO of nextManager.net. He's a former corporate executive whose passion is bringing out the full potential of HR in Businesses. This time that passion is pursued through Virtual Management. He writes and blogs about his management views and insights here. Follow him on Twitter.
