As the economy continues to decline many people are wondering how bad will it get. I had a friend ask me just a few days ago if I thought we would all be waiting in line for a loaf of bread? My answer was no. I do think we have some rough times ahead but I think we are more prepared then we might have been 50 years ago. Today's crisis is bigger the reason it is bigger is because it is a global epidemic not a local epidemic. 5o years ago if China's economy failed the U.S. would feel some impacts but nothing like today. The world as we know it has become flat built upon speed and agility. Today I can get on Google Talk and have a conversation with anyone in the world real time with a touch of the keyboard. You do not have to work in the corporate office to have a corporate job and telecommuting is growing rapidly. People today are free agents and we are all looking for the next big signing bonus.
With economic growth always comes with a bubble and only the strong will survive. We will cycle through this economic times like we have in the past some with prosper others will not. I think in times like this is it even more important to surround yourself with the best people continue to learn and grow and prepare for the next growth surge.
Tuesday, December 16, 2008
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