We’re having a wet spring slide into a wet summer here in Sydney. And my daughter has been saying she doesn’t like rainy days. I tried to convince her it’s not too bad. And instead of feeling down, find a way to enjoy it. “You can play in muddy puddles” I said, “the plants will also be happy to get a free drink and you definitely have an excuse to enjoy hot cocoa with marshmallows on top!”
Making the most of a bad situation is certainly going to be a must-have “survival strategy”, so keep thinking about that especially since there are “10 Signs the Global Economy is About to Crash” – article here:
1. France loses its AAA rating — Seems to be nervous chatter, that nobody wants to hear, but can’t help passing.
2. China experiences a hard landing — I bet you see most things with the mark “Made in China” – but they will have less customers if Europe and US continue to struggle, and real-estate booms, we all know what happens with that!
3. The US will have another recession — hard to believe right? The first one doesn’t seem to have ended! But recent quarter’s GDP was actually revised lower, jobless rate is still too high at 9%, I mean, yes, I don’t think we will have another recession, it’s just a continuation.
4. US Banks gets slammed by European Crisis. The domino-effect that’s getting all too familiar.
5. Germany turns its back on Europe – now this is interesting. Germany was said to be the biggest “gainer” when the euro was invented because their products became more affordable to other countries. Interestingly, if they don’t “help out” the others, who will buy their goods?
6. IMF tries to bailout Europe — let’s say for argument’s sake that they can as IMF is funded by “rich countries” (but who else is left?)
7. Investment firms fail and people lose their retirement savings – MF Global just went belly up with the Greek “solution” which reduced what they owe to everybody by 50%. (I know, unfair right? You and I still owe 100% of our own debts — is there a lesson here?!)
8. Reserve Bank of Australia slashes interest rates by .25 basis points — and it could possibly not be the last.
9. Bank of America fails – there was a “too big to fail” scenario already before. And apparently, they got away with it (with none other than US Federal Reserve lending the money). There’s bound to be a repeat of that.
10. Australian property market crashes — this could happen and it’s not all that bad. Property prices here need to be more affordable.
These could just be all “chatter” … but it’s not just the “angry birds”.
If there are no solutions, you know what happens, things get worse. Learn “bear market” strategies and be ready to make the most of it.
Mad chatter by Rev. Fr. Noel Azupardo
