An optimist sees an opportunity in every crisis.

A pessimist sees a crisis in every opportunity.

Housing prices are plummeting and many homeowners will lose their houses. Yet apartment occupancy is quite high, and the lower housing prices will attact first time home owners who can now afford to own a home. Everybody has to live somewhere.

Overpriced homes will sell to some one who will get a bargain. Yes somebody loses, but somebody gains.

High steel prices have raised construction costs, but it has also stimulated recycling as a whole new breed of low income entrepreneurs take advantage of the financial benefits of hauling scrap.

High fuel prices have caused a reduction in oil consumption, and forced individuals and businesses into better efficiency that will remain regardless of what happens to prices.

I don’t know where the bottom is, but my eyes are telling me the adjustments we face will be less traumatic that we may expect.

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