Economic woe?
January 22, 2008
I lost my second biggest client after more than ten years of supplying merchandise to him. I understand that it is getting harder and harder to conduct small business anywhere, because of the growing trend and consumer tendency towards bigger establishments. As a result, small businesses have been struggling to survive, especially during the chaos of world economy when everyone is predicting an imminent recession. While writing this blog entry, the US Reserve and Bank of Canada just lowered the prime rate by .75% to 3.5%, hoping to save the stocks market from going bearish. I don’t know how good this stimulating dose will last; we just have to wait and see.
The Asian markets are not any better during the economic chaos. I read from the news, which says that the average stocks investor loses NT$200,000 (about $7000 Cdn) on the paper if the stocks have not been sold. Well, economy nowadays is interconnected-without national boundaries-no one is going to survive without others doing well. It’s kinda like common karma for everyone living in the world. We can only hope that it will get better eventually, and meanwhile we just continue to do our best any way we can, hoping to sustain the harmony for our families, and, the society where we live.
