With all this talk about a recession its very interesting to take a step back and look at the bigger picture of this speculation. We are in a recession because people say we are. Economists point to examples or “evidence” to try to convince you that there is less spending or the mortgage market has crashed or the oil situation or the cost of food or terrorism….
What economists do not take into account in their models is the Entrepreneur. An entrepreneur could come along, create a product and promote massive spending/consumer activity. Where is the recession now?
An example of this is Apple with their imminent release of the Iphone 3G. Alot of people (millions) are most likely to buy one… Economic Model thrown out the window? Yes.
A recession is a mindset and a speculation. It only takes a shift in mindset to become prosperous.Technorati Tags: The future, economics, models

