Who is afraid of the worldwide economic meltdown? Please roll your eyes up to a petrified white.

Myself, I do not feel so much affected by what is happening in the news regarding the credit crunch (I don’t own a credit card and have never taken out a loan) and of the fluctuating stock values (I don’t put much stock in “stocks”). Though I do care about the prices in those regular commodities such as food and utilities, I’ve learned to manage with less and value the simple life.

Besides, I have hope still. Despite the clouds in the present financial climate, I believe that people would check themselves, be smarter and do better. If not them, then other people would.

There is no need to panic, there is no need to be afraid unless if it would lead to caution and care.

After all, have not we been through similar situations before? The 1973 and 1979 Oil Crisis, the Asian Financial Crisis? Economic bubbles and bursts, booms and busts since the Tulip Mania of 1637?

Even Franklin Delano Roosevelt declared in his first inaugural address in March 4, 1933 that it was “because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated.” This just seems to me an apt description of what is happening in the US today.

No matter the high losses and grand financial failures, we should not succumb to that “nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”

How can anyone put ‘stock’ in a market that appears to be ruled and fueled by fear? I would like to ask those panicky bankers and money managers, where is your faith? Or do you have faith to begin with?

Getting over one’s fear is taking a step forward, “convert retreat into advance” as good ol’ FDR put it.

What is done, is done, there are other things one can do. One can only LOOK back, learn then MOVE forward.

Founded in 1926, NCO Group, Inc. could be said have almost seen through it all those economic booms and busts that was mentioned earlier, even the Great Depression of 1929.

With 82 years on its back, the company proceeds over the financial crisis of today in order to deliver its accounts receivables management, customer management services, technical support, sales and back office services to its clients in the US and the UK.

With three BPO facilities in the Philippines(Quezon City, Fort Bonifacio and Clark), the NCO Group Inc. is projecting two more sites to be opened within a year’s time, noting the country’s high potential for growth and quality of services.

Take it from NCO Group, Inc. They have got experience, they should know.

Fear stunts growth, it impedes progress.

Forgive the past.

Fortune waits in the Future and it favors the bold.

Outsourcing Solutions, Inc. – your outsourcing partner!


  1. Andrews, Will and McCormack, Karyn. “Wall Street Roars, Dow Jumps 936.” 13 October 2008. Business Week. Accessed 18 October 2008. Link here
  2. Olchondra, Riza. “US BPO eyes 2 more RP sites.” 12 October 2008. Philippine Daily Inquirer. Accessed 13 October 2008. Link here
  3. “NCO Group, Inc.” 12 September 2006. Wikipedia: The Free Article. Accessed 13 October 2008.  Link here
  4. Roosevelt, Franklin Delano. “Only Thing We Have to Fear Is Fear Itself.” Inaugural Address, March 4, 1933. Accessed 13 October 2008. Link here


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