Less Bad is Good

My Blog of September 16th addressed the End of the recession - Current Predictions. Not a positive outlook but a layman's view of our economic forecast and the need to plan for the opportunities NOW and for the eventual rebound. Recently billionaire investor Warren Buffett was quoted in the Bloomberg Press from an interview on CNBC as follows:

He called the financial crisis an "economic Pearl Harbor"

"We have not bounced but we've quit going down"

The US economy has "hit a plateau at bottom"

"We're through the worst of it in residential real estate in all probability"

He doesn't expect a double -dip recession. Is this recession a "V" "U" "L" "W" ?

In my opinion and I continue to stress in various postings is that you plan for the worst and expect the best. Three out of the four scenarios defining a recession are not so good.

Expect the way we do what we do to change. We have to be willing to change our business mode of operation to be leaders and not followers. Social media networking is here to stay and you should become a participant.

Ali said "Float like a Butterfly and Sting like a Bee". The best opportunity which MAY BE re-authorized is the first time home buyer credit of $8,000. We hope to never see this give-away again but be ready in case congress re-authorizes the bill. You must know someone that can take advantage of the federal government giving them $8,000 if they buy a home which are affordable at low interest rates.

Stay focused on your goals.