12-31-2009, 10:19 AM
The economic problem is global. One of the sectors worst affected is the engineering and construction sector (of the economy). It would be recalled that the problem actually started from this sector (the American property market burst). Let’s watch and pray that we get out of it as soon as possible.
Though I might sound pessimist, it seems it may be here for some time to come. My fear is also confirmed by the recent developments in the fact that Dubai, the last bastion, has also gotten into deep trouble despite the attempts made to bail it out and the fact that people had heaped unfounded trust in its bogus system for this while. While that fun lasted, the engineers, (particularly those from the Asian countries) benefitted from it. Following the recent development, the professionals that found themselves still there found that they were in for deeper and bitter problems than they could have imagined.
For those who might be nursing the idea of hitching a ride to the so-call “greener pasture”, though that this might be a good idea at the appropriate time but as things stand right now, I think that this is not the right time to do it.
It is time now for everyone to count his/her steps. Please look before you leap. Do not just jump yet into any waiting band wagon. It may be carrying you to suspension/tribulation. Keep and watch (carefully) over whatever you have right now.
Remember, it is not yet uhuru!! The Italians used to say “occhio!!” (Which means, “Be careful”).
Regards
Teddy
Though I might sound pessimist, it seems it may be here for some time to come. My fear is also confirmed by the recent developments in the fact that Dubai, the last bastion, has also gotten into deep trouble despite the attempts made to bail it out and the fact that people had heaped unfounded trust in its bogus system for this while. While that fun lasted, the engineers, (particularly those from the Asian countries) benefitted from it. Following the recent development, the professionals that found themselves still there found that they were in for deeper and bitter problems than they could have imagined.
For those who might be nursing the idea of hitching a ride to the so-call “greener pasture”, though that this might be a good idea at the appropriate time but as things stand right now, I think that this is not the right time to do it.
It is time now for everyone to count his/her steps. Please look before you leap. Do not just jump yet into any waiting band wagon. It may be carrying you to suspension/tribulation. Keep and watch (carefully) over whatever you have right now.
Remember, it is not yet uhuru!! The Italians used to say “occhio!!” (Which means, “Be careful”).
Regards
Teddy