By Mina Sorvese
- The Barometer of Prosperity vs. Recession - Prosperity is marked by balancing progress with financial stability. The barometer of prosperity is how many people are employed and the effect on economic stability. A stable economy moves forward, never backward. Whenever imbalances occur that erodes gainful employment, the ripple effect is clear: Economic deterioration. The rate at which any economy deteriorates is largely dependent upon how quickly unemployment rates fall. This is the barometer of prosperity versus recession.
- Common Sense Approach to Restoring Economic Stability - Through financial manipulations and much maneuvering, "band-aid" methods to restore the economy are notably short-term and therefore, never reach the roots of decline in economic health. The picture of the present economy is a good example of band-aid methods that do not reach the root of economic problems. The economy, at present, is analogous to a clogged drain. The more that's added to the drain, the worse the clog becomes. Following along with this analogy, it isn't long before the sink becomes too full and overflows creating a larger, very messy situation. Common sense dictates that if the root causes are checked, the drain will flow freely.
- The Root Causes of Economic "Clog" - Though it might be easy to lay blame for economic "clog" on the financial sector exclusively, it's clear that most of the blame lies with unsound decisions. Risk, at nearly every level, was myopically focused on short-term gain. In consideration of this, the economy will mend when risk, investments and business form a cohesive long-term focus. No economy can sustain itself without judicious long-term focus. Boom times never last. An economic "bust" can last, as history has shown, far longer without proper, long-term judgments in place.
- How To Know When the Economy Is on the Mend - It may be said that the current economic slide is merely a trend of normal business. But, what's taken place is a serious revolution in terms of the business picture. Instead of an industrial revolution, all signs point to a hi-tech revolution that has completely altered the face of business domestically and globally. It's incumbent upon savvy individuals to watch the trends within the hi-tech revolution in order to see the economic mending taking place. The realities of such new trends are that all of the old methods of creating new jobs, increasing business revenues and stabilizing the economy no longer exist. This will take serious re-adaptation for many people in terms of the types of business and employment they will need to mend the economy.
- Forward, Onward, Upward - When there is a increase in hiring or in the development of new, hi-tech businesses, this is how to know when the economy is on the mend. When there is free movement for progress, the economic mend will be more readily visible.
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