The global recession has come upon us and no one is spared. Stock prices around the world, having lost over half of their value since November 2007, have recovered somewhat in the past 12 months. Experts are calling it a “bear market rally” and warn of a calamitous double-dip recession.
As the news media continue to stoke recessionary fears, at some point even the most defiant among us must yield to the grim economic outlook we face. If this turn of events were God’s way of testing our faith, then by setting off the financial market dominoes at the height of globalization, He sure has succeeded in bringing the rich and the poor, the famous and the unknown, the powerful and the meek all to their knees. Locusts, boils and death of the first-born are so 2000 B.C.!
Whatever our religious beliefs are, each one of us is trying to get through these tough times in our own way. Some choose to stay a little later in the office every night to prove themselves indispensable, while others decide to live under a self-imposed house arrest and cut all non-essential spending...
Read the rest of this essay in HONG KONG State of Mind, available at major bookstores in Hong Kong and at Blacksmith Books.
|HONG KONG State of Mind|