November 7, 2008 Chautauqua

From the Editor's Computer

“Never speak of the times as being hard or of business conditions as being doubtful...When others are having hard times and poor business, you will find your greatest opportunities.” - Wallace Wattles

There is a whole lot of fear-mongering going on in our world in the past few weeks, which is leading many people to panic resulting in stock market and economic havoc across the world.

But are we really in a state of global economic collapse? There will be select individuals and businesses which will see some tough times, and the potential for total economic collapse is there. However, I don’t think we’re there yet.

We have a long way to go before we reach the economic level that we were at a few years ago - a level in which oil companies were making profits, banks were making profits, in fact almost any big business was making profits, and gas was considerably less than $0.90 at the pumps! Don’t panic, to reach the next peak we need to go through a valley first.

Beth

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