The Dark before the Morn'

There's absolutely no doubt that we're going into a period of what some call "slower growth" & others call a flat-out recession. No matter what you choose to call it, things are definitely not looking good for Americans (and the rest of the world, mind you!) - at least for the immediate future.

And unfortunately, it's highly likely that things will get worse, before they get better.

We all tend to forget that economies move in cycles.

Two or three years ago, not a single economic Guru would have forecast the situation we find ourselves in at the moment. Back then, it was all sunshine & roses. The future looked wonderful!

The ridiculous share prices of the time were justified with all sorts of financial hoo-ha. The very people we believe should know more about all this financial "stuff", were as blind as anyone else to the obvious signs.

Of course, those very same Gurus are now forecasting doom & gloom "for the foreseeable future".

Well, here's the truth:

Through-out the ages, we humans have lived by cycles - whether that be solar or lunar cycles, weather cycles or (as in this case) financial cycles.

Obviously, there are many factors that influence the timing, severity & duration of any financial cycle, but whatever those influences may be, of one thing you can be ABSOLUTELY certain: This cycle will end and a new - upward - financial cycle will start. That is as certain as the next breath you take.

The only question is: When will this happen?

Well, I'm afraid I can't tell you that. But I can tell you, that if you accept the truth of the cyclical nature of things - including this downturn, and if you will learn from your past mistakes, when the next down-cycle comes, you could be the one sitting on your porch with grin on your face, while everyone else is talking about the grim future ahead.

And it starts here....