Recession taking recess?
Party down, everybody. The recession is over!
At least that’s what economic experts from across the country are saying.
Well, maybe not the party down part. More like party responsibly.
CEOs at many of the country’s leading financial institutions are predicting the start of a slow recovery at the end of the year, and after a few more months of high unemployment rates. Jack Albin, chief investment advisor at Harris Private Bank in Chicago, was quoted in a July 30 Chicago Tribune column by correspondent Greg Burns that the recovery will be “like a traffic jam that takes forever to get everybody through.”
In other words, unless you are at the top of the economic echelon, don’t pop any champagne corks until you, your friends and your neighbors are all gainfully employed and making mortgage payments.
Still, I can’t help but think that we have more control over the length of time it will take to recover from a recession that has tested our individual character and the collective consciousness of our nation. Once we truly believe that the recession is over – and, more importantly, once we start acting like the recession is over – indeed it will be.
It’s not about “seeing is believing.” It’s all about “believing is seeing.”
So come on, people. Loosen up the belts you’ve been tightening for the past year or two — if only by a half a notch for those of you who are still skeptical. The sooner you do that, the sooner the consumer gridlock of which Albin speaks will become untangled.
Know that the axiom “what goes around comes around” applies to positive things as well. Spend a little, rejoice a little. Believe it to see it. If we put more faith into prosperity than we do poverty, we’ll be fine.
Let’s get this party started.