Smile, Tomorrow it can be Worse

Posted on March 31st, 2009 by saman

We can talk, though of beneficial aspects of the foreclosures crisis. First, the foreclosures crisis can force people to make decisions. While some people do not want to take commitments due to a sense of captivity that a commitment induces, others completely avoid taking commitments. The foreclosures crisis reflected in personal lives often will destroy the strategy of avoiding commitments. Job loss, foreclosed property loss or a refusal to be promoted can be a catalyst to explore what we really want to do in our lives.

Secondly, crises can cancel commitments obsolete. A crisis in a person’s or a country’s life is similar to a force majeure clause in a contract – all the initial provisions are canceled due to unforeseen and uncontrollable events. It is the situation when you can “re-negotiate” relationships and commitments having the understanding of the other party.

Crises can make people empty their agendas. Business meetings, trips to the country and abroad, product testing, and marketing plans, all become much less important when you or a person you love suffers from a disease that requires attention. The same happens with the foreclosures crisis. In this case, such a problem requires exclusive attention.

Crises can help you out of the trap of success. Many people feel captive of their own success. A failure to job, although no doubt painful, can be liberating. There are more people in the financial or sales, which are very successful and have generous income.

Nevertheless, all these come with a price: a high consumption of energy, long time spent on the road and away from the family, illnesses, etc. Moreover, because the stake to lose is so big a voluntary withdrawal is unlikely.

However, in most of the cases, crises and the foreclosures crisis as well are conjugate consequence of factors, which were acute in time and left untreated. Therefore, a better way to improve our lives is to make small changes gradually and in a conscious and consistent way. On the background of increasing energy costs, already announced in many countries, record international quotations of oil bring us to a new wave of price increases.

A new earthquake in the financial markets: the price of oil reached 142 dollars per barrel. Many countries expect the blown replies that can hit them. Shortly after the announcement of increasing the cost of gas and power, which will cause a chain effect on the domestic markets, news from abroad increases the dangers for local and global economies affected by the foreclosures crisis.

To begin with, we deal with a new historic record of oil stocks, which may cause increase in the price of fuel, but also increase of production costs in all industries. There are emotional reactions as well. Then, the drastic depreciation of major Western stock exchange indices will lead investors to look to Eastern Europe countries – as emerging market – with even more caution. Developments in the world will have multiple emotional effects on the markets, in developing countries, according to analysts.