Children in Poverty from Gold Coast Tire

Gold Coast Tire on May 13th 2010

Useful information from Gold Coast Tire.

It is possible to capture a glimpse into the future when we look into the faces of children. The environment in which children live is nurturing this world’s future generations. Adults today have to ask themselves the question - is our environment shaping children into become caring, productive, and globally aware citizens?

Are the wealthy countries really doing enough for the children worldwide? Are the governments of the poorer countries doing enough for their children? Are there better ways to provide support and assistance, particularly for those children with mental and physical disabilities lacking in social safety nets?

There is a huge need for funding support for children in need in impoverished areas of the world, regardless of class, ethnicity, culture, religion or nationality. There are many definitions of special needs. In the “well off” countries of the Western world such as Canada, the United States, England or Australia, a special needs child might be autistic, have physical limitations, suffer from fetal alcohol syndrome, be a victim of sexual abuse, or face other challenges. In the “global south” (otherwise known as the ‘Third World’), such as many parts of Africa, Asia and Latin America, you can add the horrors of malnutrition, homelessness, sexual slavery and sweat shop laboring to these children’s lives. Many of these children are without parents due to civil wars, HIV/AIDS, or were just abandoned by their parents. Most face threats to their basic human rights and live in squalor and fear.

The destiny of all countries and all people on our planet Earth depend on the support, care, development and safety of children. When we attend to the physical, intellectual, and moral growth of our children, we give them the skills, values, opportunities, and confidence necessary to succeed as adults, earners, parents, citizens, and leaders.

There are many children’s foundations in the world today. Some focus on reducing the misery of poverty and hunger. Others address the gaps in education, health care, and shelter that many children face. All are doing their part to provide help and assistance to needy children. Sadly however, there are always more needy children than there are helping hands. There is every reason to believe that many of the needy children in the poorest countries will not live to reach adulthood. Many of these children have physical disabilities, giving them a zero chance of survival in environments suited only for the survival of the fittest.

In Western countries, we take for granted that our governments will provide adequate health services as well as wheelchair ramps, handrails and accessible public transport. For most Westerners, the ready availability of equipment such as crutches and wheelchairs, low entry buses and taxicabs are taken for granted.

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Gold Coast Tire Poverty Consciousness

Gold Coast Tire on Apr 22nd 2010

Ending Poverty Consciousness

Gold Coast Tire Poverty Consciousness by Jeanie Marshall.

Definition number 1 of “poverty” in the American Heritage Dictionary is: “The state of being poor; lack of the means of providing material needs or comforts.” It is further defined as “deficiency in amount; scantiness; unproductiveness; infertility.”

By “poverty consciousness” I mean the set of attitudes and beliefs and feelings and values associated with material lack or fear of material lack. Poverty consciousness equals a belief in limitation, and almost always includes fear.

Poverty consciousness is not directly related to the amount of money one has. Rather, it is the relationship to that money or to material possessions. If you worry about not having enough money, you are in poverty consciousness. If you believe there is not enough for everyone in the world, you operate from poverty consciousness.

One can live in conditions of poverty without necessarily living in poverty consciousness, which is a state of mind and heart. The amount of money or other material possessions is a matter of fact. One’s relationship to that amount is a matter of thoughts and feelings.

Different Means; Similar Consciousness

Years ago, I had two personal empowerment sessions back-to-back with individuals of strikingly different financial means. The first one asked me probing questions about decisions he wanted to make with respect to stocks and his upcoming retirement from a major corporation. The second, desperate to generate $35 to pay his part of the electric bill, asked me probing questions about his uncertain situation.

I worked with both men in essentially the same way. I looked at the energy field in and around their thoughts and feelings. I assessed how they were creating a reality of poverty consciousness energized by their fears. The one of greater financial means became calmer as he embraced a shift in consciousness. The one of lesser financial means became calmer as he embraced a shift in consciousness.

The dollar amounts were different. The fear was the same. Probably each would have envied the other! As each man understood more fully how he had thought and felt his way in to his particular situation, he was better prepared to think and feel his way out.

Another Definition

Let’s return to the American Heritage dictionary, where there is a fourth definition of poverty that warrants discussion: “Renunciation made by a member of a religious order of the right to own property.”

Perhaps few readers of this article are presently in religious orders that require vows of poverty. However, the history of civilization is filled with such vows. For those of you who believe that it is possible to inherit traits from your ancestors, consider the impact of past vows of poverty passed through the genes. For those of you who believe that it is possible to be influenced by beliefs of others, consider the impact of past vows of poverty modeled in behavior. For those of you who believe in past lives, consider the impact of past vows of poverty on future lives. For those of you who believe in the existence of an energy field, consider how it might be polluted by such vows of limitation.

You can probably find some part of your belief system that tells you that vows of poverty made in the past can impact you and others now. As Individuals, in groups, and as the whole of humanity, we are touched by others.

A Matter of Faith

Ending poverty consciousness is a matter of faith. We all have faith, even though there are many who claim they have none. The question is not whether or not you have faith, but rather, in what you place your faith. Do you place your faith in money? In yourself? In lack? In history? In the future? In the visible? In the invisible?

When the visible elements of our experience are tumbling, we must redirect our faith, our energy, and our intention. The physical world is a temporary reality. It is time to open our awareness more to the worlds beyond this one. Higher consciousness is becoming more available to the human plane. You will want to stay alert so you do not to miss this adventure!

We are living in an exciting time. A time when we will prove that poverty and poverty consciousness are obsolete. A time when we will know, without a doubt, that we live in an abundant universe, a universe waiting to fulfill our every need.

This article has focused on poverty and poverty consciousness as related to material things. Keep in mind, though, that the same principles apply to other aspects of our lives. Some persons feel poverty or poverty consciousness about themselves. “Low self esteem” is one of the popular terms. It is a belief in lack, lack of one’s talents or abilities, not having enough of what is wanted.

A Few Ideas to End Poverty Consciousness

* Watch your language! Make sure that what follows “I” or “I am” is what you want to manifest. If you say “I am poor,” the Universe will answer you with its only response: yes!
* Say, think, and/or write empowering affirmations. (For example, “I rescind old vows of poverty and limitation.” Or, “I accept the gifts of the Universe.”)
* Bless all those who owe you money. Pray for their prosperity. When they pay you, thank them and thank the Source, the Higher Power.
* Bless all those to whom you owe money. Pray for their prosperity. When you pay them, thank them and thank the Source, the Higher Power.
* Recognize that money is a means of exchange. Stop giving your power away to money. Claim your own power from within, follow your passion, and the required means will be at your disposal.
* Focus on what you desire, not on what you do not desire. That to which you give your attention expands. If you give your attention to scarcity, scarcity expands; if you give your attention to abundance, abundance expands.

Now is the Time

Now is the only time we really have. We may believe that “as soon as …… happens” we will be free of poverty consciousness. We may dream that “when I win the lottery, I will do all those things I want to do.” The truth is, we do not need to wait for any conditions to change in order to be conscious of abundance. Now is the time. Here is the place.

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Top Gold Coast Tire Strategies

Gold Coast Tire on Apr 22nd 2010

Top Strategies to Survive a Bad Economy

Top Gold Coast Tire Strategies By Frank Ramsey.

No matter how rich a person or a country is, there will always be tough times. In these tough times when the economy is in bad shape surviving a bad economy is a must for everybody. This will not only help themselves to adjust to the current situation but this is also one way of contributing to the overall survival. The following strategies no matter how simple they might be can somehow help a person to survive the downscaling economy.

On transportation:

- It is best to carpool more often. Make it a habit between you and a coworker to take turns in carpooling to the office. This is a good way of minimizing both your expenses in gasoline. If there are more than two of you living in your neighborhood much better, the more the merrier.

- Instead of buying new cars, old used ones. In these tough times, new cars are not a necessity. But still, you need a means of transportation. What best way to save up but to buy old cars and save up some money? When you buy used cars, it would costs you a lot cheaper.

- Put together different errands in one trip. Try to get all of the things you need to do in one trip or on your trip home. This lessens the number of trip you need to make and you can avoid from driving back and forth.

- Take up a hobby and ride a bike. If you live close to stores malls or places you usually go to, ride a bike instead of driving you car. It’s god exercise and it’s good for your health.

- Wash your car yourself. This one is a no-brainer, why spend on something you can do yourself. That’s right, you can do this yourself. Imagine the cost savings that you’ll be making. It’s not much on its own but it’s a lot altogether.

On eating:

- Eat like you’re on a diet. Try and eat off your kids plate sometimes, this will make you eat in smaller portions and you would even notice. This one works if you don’t go for seconds.

- Bottled water alternative. Tap water is the ultimate cheap fix. Try comparing an ounce of bottled water and an ounce of tap I’m sure you’ll see the difference.

- Less meat more savings. Imagine not having meat during the working week and having it on weekends instead. It will definitely cost you less than your usual tab.

On personal shopping:

- Generic is good. Brand loyalty is a thing of the past especially if it cost you a lot. More than anything else the generic substitutes allows you to have options.

- Be a bargain hunter. Despite the downscale, people would still always buy personal items for themselves. Getting good items while surviving a bad economy can be done by buying bargain stuff. Don’t just be contented with the low price the stores have, try and look around if there’s anything better.

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5 Gold Coast Tire Critical Components

Gold Coast Tire on Apr 22nd 2010

5 Critical Components of a Vibrant Economy - Back to the Basics

5 Gold Coast Tire Critical Components By Joel Barrett.

Much of the recent bad economic news has been blamed on troubles in the housing market and the banking and credit industries. While these problems are serious, the more fundamental and insidious economic problem is the lack of knowledge about what exactly creates a vibrant, thriving economy.

The formulation of effective policy starts with the essential question: what is required for a nation to create and sustain wealth?

Justice on All Levels

Before any economy can be talked about, there must be justice. The investor must be able to trust an organization to behave responsibly and wisely with their investment. The retail store must be able to trust visitors to act cordially, respectfully, and honestly (e.g. no shoplifting). Individuals must have “confidence” in the goods they are buying.

A nation with any economy at all must involve people who can trust each other, and the products and services they offer. This trust in the laws of fairness must be enforced justly, otherwise trust erodes and fear prevents ventures from ever taking place. Once people can trust each other, there is room for teamwork.

Trust is generated by justice. Justice must exist before any economy can take place. The American economy has been strong until now for many reasons, not the least of which is the trust generated by excellent law enforcement. While law enforcement has been very effective on the grassroots level, it seems to have waned on the large scale.

A Wise People

Skilled labor is required to pull minerals from the earth and turn them into goods. This wisdom, this skill, is required to accomplish great ventures. Auto makers and oil refineries are networked mazes of complex systems kept running by very wise and skilled workers who are well paid for their expertise. Agriculture, Aerospace, Manufacturing, Investing, and every single economic sector without exception requires skilled labor.

Without skilled labor, a nation must either return to the most basic forms of agriculture or import skilled laborers to run the complex systems. America is now noticing a high influx of imported labor (ask Whirlpool) and my personal experience has seen employers wondering where America’s upcoming skilled labor market is going to come.

A Loving People

Once complex systems are in place, wisdom must be passed from generation to generation in order for the populace to compete. Rather than reinventing the wheel, the new generation must quickly learn the techniques and protocols that have already been learned and implemented by the previous generation.

There must be a caring relationship between generations to impart wisdom on how to build, maintain, and improve complex systems. It seems at the moment that there is a lot of ladder climbing but not a lot of discipleship going on in Corporate America.

A Strong Production Base

Physical wealth begins with taking minerals from the ground and then turning those minerals into something valuable and useful. This process can be called production, the generation of products. Agriculture and Mining pull minerals from the ground and manufacturing turns those minerals into products. All other economic fields depend on these.

As the American economy shuns these values in favor of services, entertainment, or any other economic sector, there will be less and less of a foundation for the economy to stand on. All taxes and burdens placed on these sectors exponentially impede all others.

Conclusion

Economies are fundamentally human qualities and values. As those qualities and values change, economies will shift accordingly. If the qualities and values are dead wrong, the economies will not function correctly. If the qualities and values are right, they will thrive vibrantly.

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Small Gold Coast Tire Jobs

Gold Coast Tire on Apr 22nd 2010

Small Jobs Stimulate the Economy

Small Gold Coast Tire Jobs By Debra Yergen.

A bad economy can provide a great opportunity to put a few “principles” on hold. First Lady Michelle Obama made news — and made a lot of mothers proud — when she announced that her daughters would still be making their own beds in the White House. Children should learn to participate in household chores, and those who don’t often grow up to be terrible spouses who seldom pick up their own socks much less make the bed or vacuum.

All good parents know that children need incremental responsibilities. But in this economy, there are a lot of adults who would welcome some extra hours a week working a side gig to bring in extra cash to keep their own families fed, clothed and taken care of. At the same time, there are a lot of nonprofit organizations in need of volunteers — even the tiniest volunteers willing to sit and talk to a patient, fold towels or stuff envelopes.

What if every family with full-time employment, and $25 or more extra dollars available a week, were to hire a family in need of some extra cash to help with cleaning, yard work, organizing or errands for a couple of months while they found steady employment? Could small jobs like this really stimulate the economy? Well, yes, actually any job that keeps money in motion stimulates the economy. [Be sure to check IRS guidelines. The cutoff for hiring household help is $660 per year before the employer needs to pay employment taxes on the person providing help.] You don’t want to find yourself fined for trying to help someone in need.

If you’re reading this and you need to make some extra money, do you have friends or family who could use your time, help or expertise? With the job landscape changing, many people are returning to trades. Experienced workers 55+ are perfectly suited to offer apprenticeships to younger workers who are looking to develop skills to fall back on.

And of course there’s the matter of discretionary income. The economy has given a one-two punch to service industry workers who rely on tips for a significant portion of their income. Instead of going out to eat twice a week, what if you were to go out only once but double your tip? If your bill for two people is $30.50 and you usually add $4.50 twice a week, what if you only went once but tipped $10? You’d save tremendously and your server would feel very appreciated.

Indeed, there are small things everyone can do every week to make a big difference. If you’re in a position to give a little extra help, you’ll make a real difference to a family in need. If you find yourself needing some extra income, you might be surprised who would be willing to help out right in your inner circle. And the biggest surprise of all — everyone wins. Because small jobs really do stimulate the economy.

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Gold Coast Tire Turnaround

Gold Coast Tire on Apr 22nd 2010

When Will the Economy Turnaround?

Gold Coast Tire Turnaround By Ki Gray.

Is the worst still to come? That is the $789 billion dollar question. Or in the case of Treasury Secretary Timothy Geithner, the 2.5 trillion dollar question. Despite Congress getting ready to vote on the stimulus bill compromise, the Treasury Department getting back to work on the banking system and President Obama’s declarations that swift action will avert disaster, Americans seem short on hope and long on financial worries. Are bad economies like bad marriages–throwing money at them doesn’t necessarily solve the problem?

It is now largely believed that the recession began in the fall of 2007, although Central Texans didn’t begin to feel the financial squeeze until much later in 2008. In fact, Texas has even experienced job growth in the last year. But this doesn’t mean Austin is immune to the difficulties of a bad economy. The ripple effect felt across the country is making waves here with job cuts and budget tightening.

RealtyTrac announced this week that nationwide the number of foreclosures were down in January, falling 10 percent from December. However, the good news is often tempered with a dose of reality, as in this case the January foreclosure rate was actually 18 percent higher than a year ago. California, Florida, Arizona and Nevada are still leading the nation in foreclosure numbers, but states with previously stable housing markets like Oregon are racking up foreclosures, as well.

Will a stimulus package and a better bank bailout change things soon? The drop in foreclosures is an indication that government and big bank intervention can have a positive effect. According to the Associated Press, “Contributing to the monthly drop was a decision by government-controlled mortgage finance companies Fannie Mae and Freddie Mac to suspend foreclosure sales during the winter holidays. Plus, Florida Gov. Charlie Crist brokered a deal in which lenders in that state agreed to a 45-day halt to new foreclosure petitions.”

The issue at hand is how much government intervention will help and how long will it take to turn the economy around. The current economic climate is often compared to the Great Depression, which started in America in 1929, but was felt worldwide into the 1940s. It wasn’t until after World War II that the economy began to change drastically. Obviously, no one wants another World War to turn the economy around.

Is the worst over? Most analysts seem to think things may not get better until sometime in 2010. As Sheila Bair, the chairwoman of the FDIC, wrote in Fortune, “We need to return to the culture of thrift that my mother and her generation learned the hard way through years of hardship and deprivation.” Hopefully it won’t be too many more years of hardship. That is certainly what the Obama administration is hoping with the implementation of the stimulus package.

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How to Market Gold Coast Tire

Gold Coast Tire on Apr 22nd 2010

How to Market in a Really Bad Economy

How to Market Gold Coast Tire By Louis Bernstein.

Eight marketing ideas to help your small business during a bad economy.

Even if your company is doing well during a down economy, you need to make plans for customers who may start cutting back. They key is to shift your marketing from image-oriented marketing to direct response, measurable advertising.

If your business is already feeling the effects of a weakening economy here are some strategies you can use to market in a bad economy.

1. Place your focus on more direct forms of revenues versus “image advertising.” It’s time to show good, measurable results. Coupon redemption programs and the use of promo codes can be very effective. When the economy is down everyone is looking for bargains. With coupons and promo codes you also get to track what’s working and what isn’t.

2. Learn more about your customers needs. Surveys don’t have to cost anything. If you have an email list, you can build a quick survey to send out using Survey Monkey. It’s free and easy. You can also put the survey on your web site and offer something free for people to take the survey. Since you may not be able to advertise everything during a bad economy, it’s smart to know where to put your money.

3. Call in favors from your vendors. You need to get the biggest bang for your buck. I’m not suggesting hitting up your vendors for such large discounts that it places an undue strain on them. However, get what you can while keeping your relationship good and making sure they stay in business to serve you throughout the downturn.

4. Not all customers are created equal. See who has purchased the most from you and make sure you stay close to them. As your best customers, they should be entitled to any perks you can afford.

5. Stress ROI. All of your campaigns need to convey how your customer will profit from your product. And you need to be as certain as possible that your advertising campaign will pay for itself. When you start a business you obviously need to watch your pennies. However, don’t abandon this practice as you grow your business.

6. Test. Test. Test. Segment your list and try different subject lines, headlines and sub heads. Try different offers. The key is to find the one combination that hits the sweet spot and use that one. This point brings us back to the importance of measuring your results. With limited funds when starting a business you need to know which message gets you the best results.

7. Try to “convert” everyone that comes to your web site. By convert I mean capture their name, company, email, and phone number. Get this valuable marketing information by offering your visitors valuable content. Reports and videos are great things to use. Think about any content and information that would help your customer or prospect succeed - especially in a bad economy.

8. It’s time for family values. When hard times hit, people tend to go back to the nest. Try to position your product in warm, fun, family-oriented scenes. Even if your product doesn’t quite fit that image or is more business oriented, every product will affect someone. The image could even be a coming together of office workers around your product. “Paint the picture” how your product makes a warm, positive impact on someone or something.

How to Market Gold Coast Tire

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Gold Coast Tire in a Downturn Economy

Gold Coast Tire on Apr 22nd 2010

The Importance of Marketing in a Downturn Economy

Gold Coast Tire in a Downturn Economy By: Kathy Klossner.

Smart business owners continue to market in good times and bad. It seems logical to spend money on marketing in good times, but more importantly you need to spend on marketing in bad times as well. Companies that keep their names and logos in the public eye during a slow economy are more likely to be perceived as successful, enduring and solid. Strong marketing strategies will pay off in the future.

Marketing consist of market research, advertising and public relations. Experts suggest changing the marketing mix, but not the overall budget. For example, in down times a business may not know exactly who is buying and why. So market research is critical in a downturn economy.

Likewise, a business should find out what forms of advertising are producing sales and then increase the budget for those while reducing the others. Tracking and monitoring systems need to be in place to figure out which forms of advertising are giving your business the biggest return.

Even in downturns, folks are still paying attention to the news. Public relations can help to keep your business name out there. Or start to research your own ways in receiving free press. The Internet provides a vast opportunity to connect with your customers.

Tips on Marketing in a downturn economy:

1. Spend more money and time on your market research. Areas to pay attention to is opportunities in new markets. Consider the hot “Green” market.

2. Update your web site and offer discounts. People are shopping for deals and are looking for ways to stretch their dollars. Be sure to have a time limit on such discounts.

3. Start a frequent buyers program and give those members special deals in appreciation for their loyalty. This will also allow you to keep your business name in front of these customers.

4. Join Network groups on the Internet. Network groups offer the potential to open new doors to new markets and keep your business name out there with little to no costs.

5. Start or continue to be involved in community or charity work. This will give your business name more exposure and offer opportunities to receive some free press. People always want to do business with businesses that give back.

6. Holiday gift giving. When most businesses are cutting back on gift giving to customers, now is your chance to step-up with a unique corporate gift. Consider giving custom sandals with your business name or logo printed on the flip flops. It’s an inexpensive gift and very unique - and it’s the thought that counts.

Gold Coast Tire in a Downturn Economy

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Current Gold Coast Tire Issues

Gold Coast Tire on Apr 22nd 2010

Current Issues with the Global Economy

Current Gold Coast Tire Issues By: dane.

Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate prices would be localized and mild. In reality, a global downturn is now a real threat, with the final price of the credit crunch projected to exceed $1 trillion dollars.

Not only have falling house prices in the US spread to other markets abroad, they have contributed to massive losses in other areas of lending such as credit cards, and the financial industry, which is now reeling from the US government bailout of Bear Stearns. What does this mean for emerging economies like China and India? In the short term, volatility seems to be the order of the day, with India’s fledgling exchanges rocked by jittery investors. Until financial centers and investors can regain confidence, market conditions will be exaggerated. Early trading also plays a psychological role for investors, as news developments impact Asia before Wall Street opens.

The US and the UK both face difficult home pricing corrections which will continue to hamper growth. Most homeowners expect, if not to make a profit, not to sell their houses at a loss, which is a difficult pill to swallow. And if they can’t sell their homes for what they think they’re worth, then waiting it out contributes to prices falling, thus exacerbating the problem.

While government intervention has been exceptionally forthcoming in efforts to preserve confidence in financial markets, less attention has been given to homeowners who are being foreclosed on over the next year, which is only so low because of robust growth in Asia.

Another prospect which looms over every government is the specter of inflation, which threatens to overtake the slumping economy as the number one priority for the Federal Reserve and other central banks, who have had to take extreme action to prevent further liquidity losses. The Fed has sold off over $100 billion in auctions and lowered interest rates five times in an attempt to lower mortgage interest rates, but confidence will remain shaky until the full extent of investment bank’s sub-prime exposure is realized.

Current Gold Coast Tire Issues

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Fear in Gold Coast Tire Economy

Gold Coast Tire on Apr 22nd 2010

The Role of Fear in This Faltering Economy

Fear in Gold Coast Tire EconomyBy: Danna Schneider.

Our economy is definitely going through some “tough times”, as our President George Bush recently confirmed in a speech regarding the floundering economy of today.

A combination of factors have created a very volatile stock market, housing market, increasing inflation and cost of living, and a faltering job market, but one key component of a failing economy plays an intangible role in facilitating and perpetuating economic instability.

That component is human fear. We can’t help it, we’ve evolved with fear as one of our main emotions, and the media and our surroundings have only helped it along by declaring “the sky if falling” with it’s seemingly nonstop doomsday headlines.

Heck, you can’t read your email without seeing the headlines on the side declaring that we are headed for worse times before they get better, costs are skyrocketing, foreclosures are at an all time high, gas prices are astronomical, and basically that everything is working against us right now.

The sky looks very dim indeed if you tune in to the nightly news or happen to be bombarded with all this fearful journalism every day on the internet, which is an increasingly popular portal for getting the news. So, has the media played a part in our faltering economy, or is it really a combination of unfortunate factors, seemingly brought on by events beyond our control?

Well, most people feel the media is partly responsible for making things worse. Take the stock market for example. Fear is the stock market’s worst enemy. When consumer confidence in the economy is low and there are other headlines that are less than favorable in the financial, retail, and last but not least, housing sectors, the stock market suffers dramatic volatility.

In fact, one of the hardest hit in the subprime and credit fiasco, whom also was recently bailed out by the federal government and JP Morgan, another financial heavy, Bear Stearns, acknowledges that fear is it’s worst enemy. They insist that their financials are still intact, but rumors that were rampant about the company’s imminent collapse forced shares down to their lowest levels in almost eleven years.

Many financial institutions are experiencing nosedives in their stock prices, and have also slashed dividends to preserve working capital, a move that is said to create a domino effect in the banking industry where other banks follow suit. This only forces prices lower on stocks, and makes it harder for them, and consequently, the market, to recover.

Most financial analysts agree now that we are in a recession, but some are still reluctant to call that card, saying that a recession may still be averted, and that we are merely in an economic downturn. I for one, believe we are smack in the middle of a recession, and I believe that part of the reason for that is the fear that is being spread about the dire straits the US economy is in, and the sense of hopelessness conveyed by these doomsday headlines.

Fear perpetuates a sense of helplessness and “waiting it out”, as well as inspires investors to back their money out of stocks and other investments, and put them into cash accounts, which only puts us further into recession. For those that have iron stomachs, it’s actually a great time to be an investor, as there are some good, solid companies selling for well below their book values and their true worth right now.

That’s not to say there also aren’t a lot of stinkers too, but if you practice due diligence in researching their individual financials and balance sheets, you may be sitting pretty when this recession is over and the consumer confidence that is so key to a healthy economy has returned.

Fear in Gold Coast Tire Economy

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