Thursday, October 16, 2008

Global Recession is here - It's About Time -

Everyone is scared about the recession which is now finally here and will stay for around 3 years before we see a rise in share markets and property values anywhere in the free world.

Is this a doomsday prophecy? No, it's the reality of impacts due to both the share market and property sector seeing growth well beyond the standard 7 year cycle. For nearly 4 years these two markets have been powering on and the result is pricing and values which are falsely inflated. The catalyst has simply been the liquidity crisis which was sparked off in America and now the donimos are starting to fall as a consequence.

What this recession will do is provide a market correction in these and other sectors of finance and bring values to a level which is in line with real world results. Will this happen again? Absolutely, you can guarantee that we will see another recession time and time again. It is how we manage it from a personal and business perspective that will see us get through these tough times or fold like many are about to.

Check out this post here for a more detailed look into the recession and the next phase of the global meltdown. Some itneresting reading to be had.

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