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Eventually, How You Survive the Recession Depends on Your Financial Intelligence

MoneyI once asked by my reader in my other blog – When do you think the recession will end, and how?

I really am having a hard time to answer the question. So may opinions from experts and public, as well.

To tell you the truth, I can’t imagine how the recession will end, and when will it eventually ends.

Some experts say that the recession will peak within 2 or 3 years, and things will improve gradually from there – so, rough road ahead.

Regarding how the recession will end, here’s an interesting estimate – According to this article, the average recession lasted for 10.8 months. Therefore, according to the data, on average, the recession should end last November 2008, and the longest would probably ended on April 2009.

Not exactly the case, in my opinion. Why?

Negative sentiment drive today’s recession more than before

I think that today’s recession might not be your typical recession. The emotional turmoil is as bad as the economic turmoil, in such a way that people left with unsecurity, uncertainty and negative thinking.

Even though the economy is supposedly rebounded on November 2008, the economic downturn inertia will lengthen the recession, even beyond what’s estimated as the long recession mentioned in the article above, April 2009.

As a non financial expert, but a self-made student of human behaviour, I view the recession will go well over April 2009, and will reach the peak on mid or late 2010.

I’m not sure, but neither the expert.

The best survival tool: financial education

Regarding how the recession will end, my answer would be this:

As everything in life – such as the ripple in a lake decreases when the wind speed decreases – after the panic, buzz and negative sentiment sustain themselves in people, the recession will gradually peaked and the economy will rebound – all with viral effects, as sentiment is contagious; The positive outlook of the economy will gradually, in itself, improve economy situation.

The question: How to accelerate economy sustainability?

The answer: As people start to gather themselves and start to learn from the situation, their financial intelligence increases gradually, and the new understanding will accelerate economy recovery – eventually.

The availability of money guides and money information, especially online, will help people to learn better, faster.

Nowadays, the phrase “Time is money” has never been this true before – the faster people learn, the sooner recession will end – the knowledge will set you free.

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7 Responses to “Eventually, How You Survive the Recession Depends on Your Financial Intelligence”

  1. melatonin tablets says:

    the Economic Recession has been pretty hard on us. some of my friends lost their job because of the massive job cuts. i just hope that our economy becomes better in the following years.

  2. | body detox says:

    the economic recession has been pretty hard on us. there is some good progress on the economy this year. i just hope that the economy will continue to recover in the following months and years.

  3. Jacee says:

    i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.

  4. Acne Scars Treatment Info says:

    Economic recession created huge unemployment rates around the world. I think the world economy is already on the road to recovery.

  5. michael says:

    the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon.

  6. Jenna says:

    the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again.

  7. Arthur Smith says:

    during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.

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