Recession is over?

Hi everyone! I’m sorry to make 2 posts in such a short time frame, but this particular post needs to be posted now. =P
Today I quickly scanned the headlines from the news feed on the side bar from this site, and wow! Bank of Canada says the recession is over! [Link] My first reaction? PLEASE don’t let this be just another random and inaccurate report…
Yes, with all the constant fluctuations in the news headlines, I didn’t really know if I can believe something like this. Then as I was driving to Waterloo for my Student Life 101 volunteer training, I heard it on the radio again! And when I came back from Waterloo, I saw more news about it! They don’t seem to be kidding around this time. Now I have my own doubts and skepticism, but the optimist in me couldn’t help but wonder, if it’s true, what does that mean?
I’m just going to share with you some interesting thoughts that came with this news, maybe you thought of the same things, or maybe it’s something you might want to consider as well! As always, I want to keep it less focused on wrong or right, but more personal, and growth related.
- Being the first real recession since the early 90’s, it was actually very short! It lasted only 3 quarters! I myself thought it was just simply too soon for it end, and I’m sure many people felt the same. Does that mean that we’re still unstable and will crash in the future? Or rather, thinking more positively, it might be a sign that we’re heading in the right direction! And that the government is actually learning from past mistakes for once and has improved procedures to handle recessions? I know that most people’s natural instinct is to criticize the government as much as they can, but you have to take yourself away from popular thinking, and wonder if we’re actually improving as a society and gaining experience points. (Which I hope we are!)
- As a student about to face co-op for the first time, I was concerned about the recession and its affects on the hiring rate. However, I saw another article “The recession is over, but not the pain“, and it seems like unemployment is still rising, and it’s going to take a while for the economy to fully heal. However, the news of a recovery is always better than news of us getting into a deeper recession.
- For those of you going into 2A, I’m sure you all thought this before “aw man, why is the recession NOW? Right before my first co-op term?!”. Well I’m no exception! But perception is key, and when I finally got wind that the recession is finally officially over (sort of), I looked back, and realized that this recession might not be my bad luck after all.
I don’t know about the rest of you, but I found finding a summer job rather hard this summer. Many times, I got really frustrated with everything, including the economy. But life is more fair than you think, every hardship is rewarded somehow. Because I realized that I needed to become better, to adapt to my new situation, I grew and developed more this summer than I would normally in a year!
For example, I have been wanting to make a site for years, but never thought I’ll make it a blog. But not only did I actually acted on my plans for the site, but I made it better than I ever dreamed possible! Also, I have decided that I will go through with taking up martial arts lessons, which I have always wanted to take, but never actually got to it. I changed my perspective positively on many different things, including who I am and what I really wanted out of my life. I’m very happy about the personal growth, development, and initiatives I took this summer. This would’ve likely never happened if I wasn’t faced with hardships and challenges!
We all need to have to do some “high-level thinking” from time to time, and this is the perfect time! Look back on the recession now, look at the big picture, and try to answer these questions:
The recession must’ve affected you, made changes to your life, physically or emotionally. How did you adapt? What can you learn from all of this? Now, assuming it’s really over, what does it mean for you? How did you growing during the last 3 quarters, and what direction do you want to go from here?
I think this recession has given us a better picture of Canada and the world, I’m sort of glad to be able to see this before my career starts. Also, keep in mind that there is value is every little thing, and even things that seems extremely bad.
I hope you got some insight from this post, I know it’s a bit unusual and may feel a bit scattered, but I’m really just trying to share with you some thoughts on the recession, not write a report on any particular topic =)
Please comment!

