Archive for the 'Economy' Category

Getting out of A Recession Is Like Losing the Stubborn Weight

Friday, March 13th, 2009

recessionIf there is any keyword that has been used and overused these days, that would be the word “recession”.

The other day I was doing  house chores and incidentally heard CNBC news anchor, Tyler Mathisen talked about coming out of a recession is like trying to lose the weight we gained so easily over time.  I thought to myself that Tyler’s analogy was so true.

The Simple Truth about Gaining Weight

We all know or experience, to some degree or another, that gaining weight doesn’t take nearly as much effort as if we would lose the weight.  All we need to do is to gorge enough food, the fattier, the better and minimize our activity level. Voila, we will see very tangible results.

However, losing the weight we’ve just gained is going to be a long and painful process.  It requires motivation, focus and persistence.  It’s a known fact that in order to lose 1 pound of weight, we will have to cut down 3,500 calories.  So if we set our goal to lose 1 pound per week, we will have to cut 500 calories a day.

Surviving the Recession Like A Big Winner

So how could we apply this same principle of losing weight to survive an economic recession?  Here are some thoughts:

  1. Patience is virtue: Economy has its own cyclical ups and downs and we should trust the capitalistic system to be able to self-adjust. Government intervention hasn’t been proven to be the golden key to crack the nut.
  2. Always live within our means (similar to not over-gorging tons of food in the first place): Perhaps one fundamental lesson many of us will learn is to live within our means .  Little bit thrifty won’t hurt anyone.  Saving some for the rainy days proves to be a valuable advice our forefathers had taught us.
  3. The rules are rules (1 pound = 3,500 calories): Leaders in the major corporations or banks will be held just as accountable like everyone else.  When they screw up the business and fail to deliver the business plans, they shouldn’t be holding their pathetic hands out for hefty bonus.  Instead, they should be standing up and facing the consequences.
  4. Appreciate what we have instead of what we have not: It has forced all of us to reexamine our lives and our life styles; what we can live on as bare essentials and what would be considered luxury or even extravagant.  It makes us appreciate what we have instead of lusting for what we can’t grab.
  5. Learn to be humble: It is such a humbling experience for all of us as a nation.  Maybe we will think twice before we wave our hands to tell the rest of the world what to do and how to do things in the future.

Would you agree with my “half a glass is full” philosophy?  Please comment.