[Archive]

Posted By: Ted Zanidakis

Gee guys, there seems to be a lot of "gloom-n-doom" posts here.....you guys are watching too much ABC, CBS, CNN, NBC, & PBS....TV.

I tend to be OPTIMISTIC, and I do not share the same view as a lot of you. In the past 35 years we have endured many short-lived
"downturns" in the economy, they seem to re-occur every 7-10 year cycles....and, invariably follow an "up-side" in the economy (it's
really a roller-coaster ride)......

1973......1st Oil crises (long gas lines....Mid-East turmoil)

1980......Carter "stagflation" (20% inflation, 16% interest rates, 10% unemployment)

1990......Savings & Loan crises

2000......Mild recession

2001......9/11 terrorism causes severe downturn (Stock Market drops 2800 pts.)

2008......"Sub-prime" crises

Let's stop being "myopic" about the current situation and look at a "macro-perspective" on life in this great country....the economy will
recover and most likely, sooner than most of you expect it.

Most of all.....stop being so PESSIMISTIC.

Have a HAPPY ST. PATRICK's Day.....and, let's get back to TALKING BASE BALL....cards.


T-Rex TED