Here are some points to consider. The price of oil, which is
the life blood of all economies, is down. That’s good news. I’ve al-
ready written about that subject and about the many tankers full
of oil treading water and going nowhere.
Out of chaos comes reinvention. That can be a good thing, al-
though it won’t be easy. There appears to have been a lack of bal-
ance, and this is one way of starting something new that might be
more effective. Necessity creates a place for creativity, and having
the facility to implement a plan B strategy is something everyone
should strive for. I’ve learned that having a plan B is common
sense. We’ll just have to come up with one, and it could eventu-
ally be better than what we’ve had.
As a Manhattan real estate developer, my observation is that
there will be more people looking for jobs than will be looking
for apartments. That’s not great news for the real estate market in
New York City, but it’s not dire. A lot of things are and will con-
tinue to be changing, in our country as well as around the world.
There is a well-known Greek motto that I think is pertinent to
today’s economic situation: “The sea gets sick but never dies.” The
Greeks have been around for a long time and they’ve watched
the ebb and flow of history for many centuries.
Remember that things are cyclical, so be resilient, be patient,
be creative, and remain positive. Reinvention can be a good thing
for everyone.
DONALD J. TRUMP