The Plateau Will Last Less Than Nine Months

What If The Plateau Lasts Nine Months?
That Plateau Feeling

The downturn has seen its worst phase. I don't think we will see an upswing right away, but I don't expect the plateau phase to last as long as the downturn phase did. And there sure will be a takeoff phase. The smartest among us will use this plateau phase to prepare for the takeoff phase.

The US and the world economy have seen much pain. But the US government and G20 took some right decisions. The takeoff was never automatic. Japan had its lost decade and is still reeling.

The US government has taken some right decisions on stimulus. But it still has not done the hard work for banking sector reform. The bankers are in for some tough love if America is to not repeat Japan's lost decade. The world can not afford America having a lost decade.

Don't tell me it is easy to borrow a few trillion from your grandchildren, but tough to show some tough love to bankers.

Globoeconomics: Name Of The Game
A Single Global Currency, A Global New Deal, A Global Economic Council
A Brighter Future Ahead
Needed: A New Global Financial Architecture
Stimulus: Make It A Trillion
Stimulus: Size Matters
Global Finance, Global Terrorism, Global Warming

'Would you tell me, please, which way I ought to go from here?'
'That depends a good deal on where you want to get to,' said the Cat.
'I don't much care where --' said Alice.
'Then it doesn't matter which way you go,' said the Cat.
'--so long as I get somewhere,' Alice added as an explanation.

Lewis Carroll, Alice's Adventures in Wonderland

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What If The Plateau Lasts Nine Months?

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Image via Wikipedia

That Plateau Feeling
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That Plateau Feeling?

I blogged about it: That Plateau Feeling. But have we really hit the plateau phase? Or are we still in the bungee jump phase? It is possible for the financial markets to hit the plateau phase, and for the job markets to still be in the bungee jump phase. Usually the financial sector recovers first.

Budget

Cut expenses mercilessly. This is for personal and family budgets.

Work

Even if it is a much lower paying job. Can't eat into savings too much, and not forever.

Reinvent

We live in a day and age when people will have several careers, not jobs but careers, over a lifetime. Reinvent yourself.

Focus On Personal Growth: Prepare For Takeoff

There is the bungee jump phase. That, by definition, can not last forever even if it lasts longer than anticipated. Then there in the plateau phase. Then there is the takeoff phase. The plateau phase is the time to prepare for the takeoff phase.

The Best Things In Life Are Free



Really. Life slowing down is not all bad news. In many ways it is good news. A slower life is time to discover people, relationships, hobbies. It is time to catch up on books you always wanted to read. It is time to hone on skills that you think you will need once it is time to takeoff.

This perhaps is good time to smell the roses.

That 90-10 Rule

If 10% of the people are unemployed, 90% are still working. But then there are pockets of 22% unemployment rates. And that is not even taking into account the chronic unemployment in the inner cities, and other underserved areas. That is not taking into account the permanent poverty in much of the world.

That Plateau Feeling?

What if America and the world hit a new plateau of lower paying jobs across the board? That would not be a happy plateau. Personally I don't think that is where we are headed. But then I am counting on the political leadership to deliver. (30 Points Down In The Polls) The financial markets will be regulated, and made sane. This economy will be restructured.

Time To Make Big Fortunes

The most trailblazing of companies have been founded in the most depressing of times. This time that is going to be extra true.

Globoeconomics: Name Of The Game
A Single Global Currency, A Global New Deal, A Global Economic Council
A Brighter Future Ahead
Needed: A New Global Financial Architecture
Stimulus: Make It A Trillion
Stimulus: Size Matters
Global Finance, Global Terrorism, Global Warming

'Would you tell me, please, which way I ought to go from here?'
'That depends a good deal on where you want to get to,' said the Cat.
'I don't much care where --' said Alice.
'Then it doesn't matter which way you go,' said the Cat.
'--so long as I get somewhere,' Alice added as an explanation.

Lewis Carroll, Alice's Adventures in Wonderland

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