2009 – Another sour year?

So many predictions and so many negative out there, I recommend everybody should buy and read “Though time never last but tough people do” book by Robert H. Schuller.  What will happen during this 2009 year is unknown to all, but the prediction from top economists and business people are not good so far. Even Microsoft started lay off means a lot to our current state of economy.  A simple metaphor is Warren Buffet lost some money on bad investment, in order to make up, usually he would be asking some loan money from Bill Gates at some simple interest to reinvest, but now situation is Gates also run out of cash. The current situation is all the money vanished from every where, global investors, where it went is still a mystery?  

During the housing boom, investors were very positive about mortgage backed securities and they “recklessly” bought it and now all went underwater. The realism is we are heading to thoughtful investment cycle, in other words reckless, vacuous investors are out of scope now. They may not come to market for next 3-5 years. This is good for other investors, if we buy a house/stocks now, it reflects a real time price, and companies would extra careful to invest with projects. What ever we do now is very carefully planned and did some research. 

Most of us start worried/feared about job market, we should be because if one is not feared at this situation means they are dumb ("dumb enough to fearless" thanks to Outliers by Gladwell). But a job there for us, which perhaps not in our desire locations, may be we have to briefly separate from our family. Nowadays a temporary separation is not painful as before, thanks to Web 2.0 and video chat technology, 3G networks, frequent flyer program helps us to stay in touch with family regularly. I think 2009 is a year of recovery because of government’s intervention, but government process is a painful and slow, democratic process, but we will be up again as long as Mother Nature not turns us down.