BASEBALL, MONEY, AND YOUR BUSINESS

Financial Advisor reports that former Federal Reserve Board chairman Alan Greenspan, speaking at Pershing’s annual Insite Conference in early June, warned that it is much too soon to conclude that the U.S. will be able to dodge a recession, especially in light of the credit concerns haunting the housing market.

When asked what “inning” the credit crisis is in, Greenspan declined to answer, but noted:

“There have been 23-inning [baseball] games.”

We think that’s a great way of telling people to stop trying to predict the future and just keep stepping up to the plate.

The best thing you can do is reassure people by proving to them that you’re focused on the fundamentals.

And if we’re in for a long, drawn-out recession? Well, eventually, someone will win. Might as well be you and your clients.