econgineers

-Russia’s Central Bank devalues Ruble for the third time in a week as oil drops.

-Philippine imports fall for first time in 17 months on electronics orders.

-U.S. housing prices fall near depression pace.

-Governments around the globe forced to bail out entire industries.

- Repossessions are at record levels in the UK.

-The number of people out of work in the UK rose by 137,000 to 1.86 million in the three months to October – the highest level since 1997. Economists say that 3 million might be unemployed by December 2009.

-U.S. and UK’s fiscal stimulus, a huge increase in sovereign debt, and deposit guarantees are insufficient in improving economy’s outlook, confidence, and trade.

So, is it a “Merry Christmas”?

Well, it might.
When you finish your drink what is the first thought that crosses your mind?
“I am feeling thristy and my glass is empty, f^%$ ohhh b@gger!”
Or the excitement and indecision of “what will I have next?”

Yes, things are different now. Yes, some opportunities have disappeared.
New situations will emerge from the crisis, solutions will be found eventually, there are many solutions to a problem, remember?

We can be part of the problem or alternatively part of the solution. The choice is yours.

Merry Christmas and a Happy New Year!

from econgineers

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