Its a good idea to be optimistic and tough amidst the turmoil in 2023 But look around the external environment:
1. Big banks in US and Europe failing (3s in the States, CSB in Switzerland, Deutsche Bank next?)
What follows, industries failing too?
2. Europe and US are reported to be in recession?
3. The only way that Central Banks and US Feds can control inflation is to put the economy into
recession - lay offs so that the consumer will buy less;
4. Big company closures in Japan: Sharp, Toshiba, the scandal at Olympus cameras
(It incurred big losses when it parlayed into stocks, and other unrelated non camera ventures; the
only saving grace was the Olympus medical)
We are better off than Japan whose GDP growth was reported to be only 1%; vs Philippines 6%
Japan used to be our idol in the 1990s for growth innovation and management
