IndyMac Bank in America last Sunday has had me trawling the news lines on the net for more information. Strangely enough, this news was not reported to any great extent on New Zealand National News.
Not surprising as the Sub Prime Mortgage Crash really didn't hit the media here until about a month after the events in the States.
So what does this mean for all of us? A good question, one which I have no answer for right now.
But what a great opportunity to be aware of the Cycle of Change - the different emotional stages we go through when confronted by change.
The first part of the cycle happens in varying degrees. It's called "Denial" and it's when we pretend that the change hasn't really happened, that there's nothing going to happen to us - it's going to go away if we pretend it doesn't exist. You probably easily recognise others going through this stage. The trick here is to recognise yourself going through this stage. Not being aware that you are in Denial, keeps you stuck in this stage. For your own survival, it is good to become aware of where you are at in the cycle so you can move through 
quickly and safely. A good analogy here is an ostrich seeing a lion and then sticking it's head in the sand. It's not a resourceful strategy.
So, you realise you have been in Denial and you move through to a stage called Resistance. This stage is charactised by a high level of emotion - ranging from abject fear to 
outright anger. This is also the stage of trying to do deals with God - "If you get me through this alive, I'll........" In fact God cops a lot in this stage - "Why me O Lord?!!!" If you don't fully experience your emotions in this stage, you can get stuck here.Once you have 
processed your feelings, you pop through to an unbelievable stage called "Acceptance". You fully accept the situation as it is and you start to research the current reality and then come up with some options. 
Reaching this stage means you can think rationally about the situation. This is where you can move to formulating your course of action, anticipating challenges and strategising how you are going to handle it.
processed your feelings, you pop through to an unbelievable stage called "Acceptance". You fully accept the situation as it is and you start to research the current reality and then come up with some options. 
Reaching this stage means you can think rationally about the situation. This is where you can move to formulating your course of action, anticipating challenges and strategising how you are going to handle it.
The next stage is Action. You put your plan into action, you face your challenge and you start to actively create your future.Fannie, Freddy and IndyMac are giving you an opportunity to observe your emotional reaction to the challenges confronting you.
If you can observe your emotional state, acknowledge 
where you are at in the cycle, you will move quickly through the Denial and Resistance stages - this is highly recomended because being in these two stages makes you vulnerable by restricting your ability to think through things resourcefully.
where you are at in the cycle, you will move quickly through the Denial and Resistance stages - this is highly recomended because being in these two stages makes you vulnerable by restricting your ability to think through things resourcefully.
Good luck with mastering this change cycle - you will need it as the pace of change accellerates!
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