Recession probably the most talked word in 2009 and 2010. Blame in on this 9 letter word and you will find support from all and as bonus sympathy. This cloud - a dark devil is taking life away. The whole world has been hit with unemployment and sovereign debt crisis are mounting but to me i see a silver lining. A necessary part of a 'reset' that we all needed. This reset has taken many of us closer to our families, brought in those smiles back with the loved ones, has given has time to retrospect. This has resulted in greater flexibility living and work wise. It has lowered the debt levels, given better personal development opportunity and access to more and better experiences.
Every turmoil has given us a new lease to life. From 1870'e economic crash where we learned to broaden our horizon and expanded our selves to customization. Patents were on rapid rise and so too multiple industries came into exsistence. Come 1929 "wall street crash" we experienced 2.3 percent of total factor productivity the most we have even seen in that era. This 'reset'was based on mass consumption, sub urbanisation and credit. Credit the virus was created then. Now in 2009-10 crash it is nothing different. We needed to reset ourselves as we were loosing it professionally and personally. This 'reset' will make us more flexible, sub urban theory will go to garbage and the need to have better infrastructure has been highlighted enough and also the real estate boom created more my speculation rather than demand needed the reversal. I see that this 'reset' will make the generations to come wary of the mortage lendings which will die sooner rather than later and also real estate will be ripped. Infrastructure that connects the villages to urban towns will soon become a reality or to say the least an indispensable measure of economic growth. The people who recover and see this will have the power to rule and for the first time i see the ignorance of western world turning out to be their bain rather than boon.
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