Today's Economy

We are living in an interesting time.   The marketplace is obviously changing.  It is a much more global market.  Technology is affecting most of our jobs.  Consumers are cautious if not down right worried.

Is the media overblowing these concerns?

I would say yes they are even if they don't mean to.

The newspaper, television, and radio business is going through a time of change.  There is more competition than ever.  The  internet is changing the way everyone is doing business.  Reporters are being laid off and fired.  Most every media company has cut back.

But not all companies are going through this.  In fact, most homeowners are paying their mortgages on time.  95% of Americans are employed. Things are obviously slowing down but historically we are still much better off than say the mid to late 70's. 

The point I am trying to make is that while there are obviously concerns with the economy over all it is strong and solid.

But if the media is dealing with their changes and uncertainties as they adapt to a changing environment could those concerns be reflected in their reporting?

I say yes.

Even if it's subliminal the uncertainty they are feeling comes through the reporting.  But not every industry is making the cutbacks the media is making.   But if people keep buying into the negativity it becomes a self fulfilling prophecy. 

So be aware of the challenges but also be aware that we have seen worse and we have overcome it.  The American economy will adjust and bounce back like it always does.   Don't let the negativity that's out there in the media bring you down.   When the recovery begins don't be playing catch up.  Be on the cutting edge.  Keep your attitude positive.  Your perception will become your reality.

 

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