Laingan.com

‘The global economy is slowing down. The stock market is crashing as it is already in the bear market. The Lehman Brothers has gone bankrupt. Investors are in a panicky mood for buying high but selling low. 

It seems like the world is likely to head for a deep recession. Everybody is panic because a recession looming for the US could affect countries all over the world. This is understandable because most parts of the world are relying on export to the world’s biggest economy, ie. USA.

Consumers will restrain themselves from buying goods, retailers will suffer from the declining sales, big corporations will probably cut jobs and retrench staff in order to survive and so on. If this really happens, it is going to affect you, me and everybody. The fate for everybody is either to keep or lose the job.

Now, even my customers are on holding the shipment till further notice. This is quite surprising but not totally unexpectable. They are reactive to the weak economical outlook. Probably they foresee the demand will be low and the consumers will be holding back on spending.

The chain reaction to this is to cut overtime, to cut traveling , to plan for plant shutdown and so on. The emphasis is on cost saving.This also translates into many people are going to be very free. Perhaps it is a time for people to plan for budgeted holidays. 

I’m very busy with my work since the past few months. But I foresee myself is going to be very free soon in view of the activities are slowing down due to the poor eoconomical climate. I think the pace for everybody and for myself is to slow down. Do one thing at a time, no hurry, no fire-fighting, take my time, relax and have peace.