Monday, February 16, 2009

Overcoming the recession and changing it into an upturn

The recession has been in for quite a while now. It has become a reality to people who have lost their jobs. Let's see if a change of perspective can do any good in overcoming it. If it does on an individual scale, it definitely can help in overcoming on an international level also. It's not possible to wish it away. Yet, it does seem to be man-made for a large part. I remember a real incident narrated by Norman Vincent Peale in one of his books.

It was the Great depression of the 1930s. In a remote American village an old man ran a hotel. His business was good, he had a plentiful clientele, for he was a cheerful person, always happy to serve. His cafe was always bustling with people.It was a meeting point for the villagers to catch up on the latest developments in town.

His son was educated, and worked in an office in one of the big cities.When the recession struck, his firm was one of the first to close. He came home.

Things were not as he had expected to be at the village. He did not see glum faces, he did not hear grim discussions of tumbling markets and closing businesses. On the contrary, everyone was having a good time, and his father's hotel was always full with merry villagers.

This cannot be, he thought. Perhaps they had not heard of the recession, and he felt he should inform them.

So he told his father about it and how it was playing havoc in the country. We had better be careful, it can pounce on us anytime.

The father listened. His son was college educated and must be having better sense. He thought it would be prudent to go by what he said. In time the customers too heard and came to believe the tale of the recession.

Gone were the days of cheer and merry business. Everyone started preparing for the recession. Few people now came to the hotel.

It wore a desolate look. In no time, it closed down.

The recession had finally arrived at the village (!)

Note : Although you may argue this point, a recent incident in the Indian stock market supports this theory. It is about the Reliance group which is owned by the Ambanis, one of the richest families in the world. Before they split, the Reliance group stocks were booming. Then the brothers Mukesh Ambani and Anil Ambani parted ways to establish their own empires. Immediately the Reliance stocks came tumbling down. It had nothing to do with reality. It was the news that caused the panic, as in the above story. So a little faith can work wonders, and boost up your personal success. Many individual successes can revive the economy of a nation!

1 comment:

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