Desperate Times?

Some would say these are desparate times in which we live. So my question is this. Is the sky falling or are people just getting caught being stupid? I personally think that it is more the later with a little of the former sprinkled in. Allow me to explain.

First realize that I am not an economist just an everyday guy who pays attention to the world that surrounds him. Most of the time. For those business owners who were just getting started in the late 90's and early 00's history kind of repeated itself. Once again we got caught thinking that we could run wide open forever. So what did we do... hire more staff... build mre buildings......borrow more money. Life was good. Or so we thought.

A wise man, by the name of Edward Graetz, told me along time ago about his business philosphy. PAY CASH! don't build anything you can't pay for. I used to think that those were the "old days". But, he built a multi-million dollar business from a blacksmith shop. He had every right to tell me his opinion. And he did on a regular basis. For you see he was my wifes grandfather. A man who lived through the depression, built his business, held 16 patents in his life time and forgot more about business than I will ever know.

So once again my question is....desparate times? People managed to make a way for themselves in prior times of economic hard ship so what makes this different. I personally think it is because of our unwillingness to admit that our elders know more than we would wish to give them credit for. Our education helps to change our thought process not make us more intelligent. The main differnce now is the speed with which we do things now because of technology.

Right now people, myself included, need to put our shoulder to the mill sone and get things done. No complaining, jst do what needs to be done in order to provide for our families. Whatever that is "Just do it!" I won't apologize for the rambling I just think we need to quit whining about how bad things are and be thankful for what we have. We suffer at a higher level than most!

My company:
www.theromgroup.com
My Linkedin profile:
http://www.linkedin.com/in/autenjim