Special Commentary: Acadiana Business Index
Mark Lasseigne gives his special commentary on a word that's being used a lot lately: "crisis".
"The word “crisis” seems to be used a lot lately. Market crisis,
deficit crisis, euro crises, Greek crisis…You get the picture. There
is no doubt that there are some serious economic headwinds that we are
As Uncle Remus said in “The Song of the South”
"You can't run away from trouble. There ain't no place that far."
The point is, we have to deal with problems head on. Unfortunately,
many of the problems we must address are problems we create for
ourselves. It appears this is the situation in Europe, and in many
respects, in the United States as well.
There is no free lunch. It is not a matter of pain or no pain. We
live in a global society that is interdependent. In other words,
breaking up is not hard to do, it may be impossible.
For now, economists tell us the US will continue on its path of slower
But, Economists base their projections on past history. The future is
unknown. That's why the SEC requires fund companies to tell investors
that “past performance does not necessarily predict future results”.
There are no easy choices, no simple answers.
The facts are, we are in an incipient moment economically. Facts
should be looked at objectively. And therefore, as investors, we
should plan properly.
I was told once by a motivational speaker that the Chinese word for
crisis, is a combination of the words “danger” and “opportunity”. Not
sure if his interpretation was correct, but he made his point.
Indeed, in every crisis there is an opportunity.
So, now is the time to think through your investments, and if you plan
correctly, the next crisis will be an opportunity for you, and not a
And I’m Mark Lasseigne, a Financial Advisor
with Investment Partners of Acadiana
And practicing Morally Responsible Investing.
Securities offered through Raymond James Financial Services, Inc.
Have a great weekend, and thanks for listening to Newstalk 96.5 KPEL."