The Economy...Time to Recover

This past weekend the Chairman of the US Federal Reserve, Ben Bernanke, who was on 60 Minutes and said that the economy was on the road to recovery and it was possible that we may see the results of this in the second half of 2009. He also warns us that we are “not out of the woods”. He mentions that the Fed is working on averting the risk of anything more serious. The issue of course is that there is a need to rebuild the financial industry and this could be difficult. Consider that Bernanke has a PhD. in Economics from MIT and has specialization in the Great Depression, seems like he might be the right choice for our times. His key strategies are to not repeat the major fiscal failures of that time, such as the tightening of the money supply as well as the failure of the banking system and banks. If you consider the reaction to this crisis; it is completely opposed to that approach, they have reduced interest rates to all time lows and saved banks (although some would question how it has occurred). This approach is learning upon the lessons of the past.

The user community is similar in your Oracle economy. The IOUG user group and the COLLABORATE09 event are the places to spend your limited funds to get the greatest return on investment. From other experienced Oracle technology professionals you get the chance to learn from the past. You are generally not the first person to experience challenges with your Oracle investments, learning from what others have done can save you time, money and productivity. And at a time like this it is more important than ever to reach for those goals.

Get ready for the economic turn around and make sure you have the skills you will need in the coming years.....it’s going to be a challenge.