Sunday, December 7, 2008

Are We Now Heading for a Depression?

With a 2.7% decline in U.S. retail sales during November 2008 (compared with the same month in 2007, and the last time we saw such a sharp decrease in monthly retail sales was 1969); with 28% decrease in Abercrombie & Fitch same-store sales for November, and with 1.2 million jobs lost nationwide in the last three months alone, many economists believe we're heading for a recession, and many believe this is only the beginning.

The rapid down turn in the economy has taken a swift and hard toll and few are immune. I have the overwhelming desire to crawl into a hole and just try to wait this economic crisis out. I fell powerless. But I know that I cannot stick my head in the ground and hide. I cannot worry, complain, or cry my way out. The only thing I can do is to take charge of my life, put my chin up, and move forward. That's all any of us can do.

No comments: