Recovery Reckoning

Depending on where you count from, you could say we have been seduced into A Recessionary State Of Mind for either 10 or 23 months and here is my reasoning.

The beginning of this Recession hit Wall Street with the Sub-Prime Mortage Crisis in August 2007 which was 23 months ago and it took until September of 2008 for the beginnings of this Recession to hit Main Street which was 10 months ago.

It is said that Recessions last anywhere from 6 – 18 months.

It is also said that it takes about 12 months for Main Street to recover after Wall Street has started to Recover from a Recession.

By now, you have heard that this Recession is being called The Great Recession … lasting longer than most.

So given that Canada’s Bay Street and that the USA’s Wall Street has ended in positive territory for the last three months in a row, you could recon that Bay Street’s and Wall Street’s Great Recession lasted for 20 months.

So if all of my reckoning is correct, Main Street’s Recovery could be 9 more months away in March of 2010.

Then again, that would be the time when the Un-Wealthy Barber and Un-Wealthy Cab Driver could be telling you that the time to get back in the market is now … the time when most savvy investors have been back in the market for ages.

Whether my reckoning is correct or not isn’t the point …

More and more signs of Recovery are starting to appear and my evidence is this June 8^th article from The Globe And Mail; Canada’s economy one of first to recover: OECD

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Taking a holiday from daily blogging since the end of May taking time to get sorted after the ten day road trip to speak at The Advocis Newfoundland & Labrador Sales Congress on May 25^th and The Independent Financial Brokers Summit May 26^th and 27^th.

It is a Coaching Off Week and I am working on Clarification of Vision, Purpose, Mission, Objectives, Strategies & Actions to create A Strong Start for Laura Lea, our new Administrative Assistant who is starting Monday, June 15th.