Recession: Not so out of the ordinary or the worst ever?

Thank you for posting. I have heard that there is more than enough food to go around the world, but to keep up the prices there are many nations who are dumping food. I can't understand how money can be more important than people who are going hungry. But that's the world we're living in I guess. I give to charity for people who are starving in the world, and I wish that these people who dump produce would do the same - they could do so much more than what I can do with my limited amount of money. _Derek

Good to see you after a long long time. Thanks for adding a comment to my response. I have seen it in my country too. I mean take an example of my city, i.e. New Delhi, here the potato is available at the stockiest @ Rs 4 and we are buying it at our retailers @ 10 or something like that! How sad it is!

Thank you for responding. It is incredible to think that we are still here still facing more and more financial hardships. We seem to struggle and get nowhere at all, with worse threats in the news again. It is good to focus on the positive and keep the mind optimistic. _Derek

Yes, there does seem to be messages of doom and gloom wherever you look these days, it is hard not to get drawn into this, but it is possible to focus on the positive side and press on. I see that there is no choice, I can't just give up, so I might as well continue to give everything my best shot. Who knows what can happen.. The so-called financial geniuses have been wrong in the past and they certainly don't help the situations with their negativity now. If a businessman thinks there is doom and gloom, he is not going to push so hard for his business, but he's only got to think that things are improving and he will do better because he will pass this on to his employees and other business colleagues. I can't see that the money has gone. It can't be gone. It must be somewhere. The properties are still there, the land is still there. And people will always need somewhere to live. _Derek

Thank you for responding. Your story sounds very similar to ours. We started out in a cottage in the first (90s) recession and desperately need to move nearer to my wife's work about 25 miles away. It was costing a fortune in commuting and we decided to buy a cheaper house even though we couldn't sell the cottage. The mortgage would cost less than the commuting! I managed to rent to the cottage and this helped enormously. When the recession ended I then sold the cottage, so in a way we were better off. Now coming close to retirement we have sold cheaper and bought our bungalow also cheaper. Yes, it is a very deep recession this time around and I am wondering when it is going to end.. _Derek

Thanks for your comment Opal. It does seem that no matter where you look, no matter what country it is, there is nothing but a negative outlook. I think many people are trying to stay positive and maybe it's that optimism that will bring us through this mess. :-) Derek

Yes, I remember that in the 70s. Suddenly it seemed that everybody was losing work and the dole queues started growing. At the time I was working as a representative for a wholesale confectionary firm in the North of England (I was a pro. musician at the time in between jobs). Anyway, nobody was wanting to buy cakes and biscuits, so my sales nose-dived, as did every other rep. One month I was picking up a diploma for salesman of the year, and the following month I was picking up my redundancy as my round of customers were phoning in to cancel orders. I remember wondering where my next wage was coming through as the clubs were cutting back on musicians also. Then is seemed as suddenly as it started, I was getting calls from agents again with offers of clubwork. It seems different this time, and I think if everybody can focus on a beneficial outcome, we will get through it easier.. :-) Derek