Displaying items by tag: One piece of good news a day keeps the trouble away

Patrick V. Valtin is an international sales & marketing consultant and management coach. He has trained over 75,000 people in more than 25 countries. He recently was lecturing in Athens, invited by AMT Management.

Do you want to survive and be able to experience expansion while everybody else believes this is the worst economic crisis ever – and is set to last for the rest of their life? If your answer is yes, then follow these 3 steps:

RULE NUMBER ONE:

IF YOU KNOW YOUR HISTORY, YOU HAVE NO REASON FOR WORRY! The current economic crisis is just a repetition of the past. Don’t you remember “Black Monday”? It refers to Monday, October 19, 1987, when stock markets around the world crashed. The Black Monday decline was the largest one-day percentage decline in stock market history. But all world stock markets rallied in less than 1.5 year.

Moving forward, you may recall the 1991-1992 world crisis right after the Gulf War: huge peaks in oil prices, a steep decline in the commercial real estate market and a credit crisis (following the infamous savings and loan collapses of the late 1980s). This crisis ended in 1994 and world stock markets hit top values in less than 2 years.