Friday, June 6, 2008

Don't Let The Media Determine Your State

I've noticed many people talking about the news. No, not just talking about the news, but making MAJOR LIFE DECISIONS based upon information they receive in the news.

For example, how many of you have recently read headlines like this:

Foreclosures soar over last year...

Gas prices spike in time for vacation season...

Debt spiralling out of control...

Sound familiar?

I just finished reading an article talking about how foreclosures set a modern record (since 1979) but then read the statistics:

"The latest snapshot of the mortgage market, released Thursday, showed that the proportion of mortgages that fell into foreclosure soared to 0.99 percent in the January-through-March period. That surpassed the previous high of 0.83 percent over the last three months in 2007."

"The delinquency rate jumped to 6.35 percent in the first quarter, compared with 5.82 percent for the three months earlier. Payments are considered delinquent if they are 30 or more days past due."1

Notice what's going on here? The change in rates or percentages, in each case, is LESS THAN 1%! Sure, foreclosures are higher, but that is to be expected when housing prices were inflated above their value.

But if you make your decision to buy based upon negative information, you might miss out on an opportunity. For example, your dream home may be up for sale due to foreclosure, which would be a GOOD thing, not a bad thing.

Another part of the economy I've seen people freak out about is gas prices. Sure, gas prices are higher this holiday season. But, guess what? They're higher EVERY holiday season. The petroleum industry and the people who serve up the black gold into our automobiles love to jack the rates when they know the kids are out of school and we can take a vacation. It's been this way for YEARS. The rates are ALWAYS higher when people use their cars more. I've also noticed at two gas stations that they tend to raise their prices higher on Friday - Sunday than Monday through Thursday. So, I pump up on those days more than over the weekend.

If you get too fed up, you can sell that mammoth SUV and drive a smaller car for a while. That's what people did in the 1970's. But the real trend we ought to track is year-over-year data, not month-to-month or quarter-to-quarter. If we see major hikes year-over-year, especially hikes higher than the national price increase average, then we ought to raise an eyebrow.

So, keep the news in perspective. Don't let the news determine whether you will vacation. You need a vacation if you work hard, like I do! Continue to live your life and dreams and do not let the news create a "lack" mentality in your mind. If you're a person who manifests, you need to have an outlook of positive attraction and ability to do what you want no matter what news is being reported on TV, on the Net, or in papers.


1 news article sources quotes by AP - "Home foreclosures set record in first quarter"
By JEANNINE AVERSA (AP Economics Writer) From Associated Press
June 05, 2008 12:23 PM EDT

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