Welcome An Uncertain 2010 with Hope.

Gen Y Blogger Review of 2009 and the Past Decade *

Updated on July 24, 2010.

It had been an eventful decade for many people around the globe. Unlike any past financial crisis, this current global subprime mortgage crisis is comparable to a wide spread wild fire. This financial storm affects all age groups  [1] [2] [3] [4], income levels [5] [6], industries [7] [8] and different regional economic markets [9] . Some compare this global subprime mortgage crisis to Great Depression.

We can see fluctuating and depressing monthly economic data reported by business and financial news. Looking forward to 2010, it seems different economists have conflicting 2010 economic outlook projection. People on the main or high street across the globe is confused by the differences in 2010 economic prediction. The 2010 economic outlook ranges from both positive [10] [11] [12] to cautious  [13] to negative economic sentimental [14] [15 ] [16] outlooks.

“We still need to move forward whether we are optimistic or pessimistic about 2010 economy recovery rate.” – James Ang, The omniGens Blog – Make Life Simple .

We still need to move forward whether we are optimistic [17] [18] or pessimistic [19] about 2010 economy recovery rate. I agree with many that the impact of current subprime mortgage crisis is of much great scale than any post-war financial crisis. For example,  the 1997 Asia Financial Crisis , 2000 dot-com bubble burst and 2003 Severe Acute Respiratory Syndrome (SARS)  Recession is nothing compare to this current recession.

I will share some lessons learnt from past financial recession:

1.   Acknowledge what are the things beyond our control.

For example, the employers will be cautious when come to hiring people. Current global tight job market affects employees from front line to senior executive management levels [20] [21] [22]. The condition will be more challenging for inexperienced Millennials (an alternate term for Gen Y) university and non-university graduates. Thus, any job hunting for experienced and inexperienced candidates will take much longer time than usual.

Just be careful of job scams. We have to look out for people who always boast their abilities and connection in getting people hired (or fired).

2.   Acknowledge our emotion response to this crisis.

We can either write down or talk to someone who is trusted, positive and proactive [24]. It helps to reduce our stress and frustration level. Just be mindful the other party will likely have their own share of problems to manage.

3.    Learn to see the positive side of this economic downturn.

It is not an easy task if someone has a lot of financial commitment even before this recession. Perhaps, we can develop some gratitude for the things that we have. How about the opportunity we don’t have before the subprime crisis? For example, some may have more quality time with family. How about sit down to re-prioritize our life’s goal .

Wish everyone a Happy New Year!

Let’s cheers to a better 2010 for us. Hopefully!

* Please note: This Gen Y pro blog article is first published on  The omniGenerations Blog at omnigens.wordpress.com which is available at http://omnigens.wordpress.com/2010/01/01/027/

First published on January 1, 2010.
Updated on July 24, 2010.

About James  Ang.

James Ang is a Gen Y Blogger (or Gen Y Pro blogger – stands for Professional Blogger) who blogs mainly on innovation, peer learning,  personal development and well beings.

About The omniGenerations Blog’s Concept.

The omniGenerations Blog (or The omniGens Blog in short) is a peer learning community blog or a peer learning micro wiki blog that focus on the holistic development of our lives. The omniGens Blog leverages on the collective wisdom of our proactive community in helping us to achieve simple work – life balance and happiness. Make Life Simple.

Copyright 2009 – 2010 James Ang. All rights reserved.