For the longest of time, I could not understand why there was recession in any country. My thought was that “since money is usually printed, the government should print more.” I just could not fathom why a solution was not proffered. But as I grew older and I got to understand the economy better, I realized that an increment in the production of money would bring about inflation, and that is another economic crisis on its own. I realized that if more money is produced, the people handling the major amount of money then will still be the people handling the newly printed money.
What to blame for economic recession
A lot of people would go to any length to look for things to blame the recession on, either an event, a government policy or people’s decision, but let’s not deceive ourselves, there has been a fall in the economy of some countries for years now. It is a steady decline. It did not just happen all of a sudden. There were signs all along, but most people did not see it. It was the people that caught a glimpse of it that positioned themselves for it that appears to be making the money. You really don’t get rich by saving. No matter how much you save, sometimes it takes just one event to empty it all. Simply put, no one gets rich by saving.
Investment: key for economic sustainability
No matter how much you save, there is a limit to how long the money would last if you don’t invest it or use it to sustain yourself till you are able to pick up yourself and be the man you want to be. You too can control the sectors.
From the look of things in some countries, the economy is not about to get better. Just take time out to study the movement of the economy and you will know where it is headed and what you must do to stay relevant.
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