One thing that shouldn’t happen in these trying times is for everyone to go nuts and cause mass panic and hysteria. So some bad decisions in the part of the peeps running the country have led us to recession fears (for those unfamiliar with the term, that’s a drop in America’s market value of services and products within the country). Does that mean we should all seek out refuge in caves and expect the four horsemen of the Apocalypse to zip by and lop heads off? Hell no. Believe it or not, you can make the most out of these recession fears going on.

Buy stocks. Best opportunity to buy stocks is when they’re down. While I won’t go as far as saying you’d make a killing from this but economists are saying that these fears will be short lived. The big guns are doing a lot of things to curb the impact of the weak economy and things are said to bounce back real soon. So why not spare some of those Benjamins under your bed and buy some stocks instead?

Buy real estate. A lot of other people are defaulting to mortgages to get some extra cash. With interest and mortgage rates down, so you might want to invest on real estate now especially if you have some decent sum tucked away nicely. Opportunistic as it may seem but banks are also looking for ways to capitalize.

Buy local. If you’re a fan of buying thing on eBay from other countries because your dollar has just a bit more value for them, then maybe you should be rethinking your buying habits. Some countries might also feel the brunt of mighty America’s toothache right now and see their currency’s value fall against the dollar (so buying from them might be the cheaper route). However, some currencies might have a chance to fight back and it will be cheaper for you to get those goods locally. And why not support something of your own and be a patriot for once, you cheap bastard? Hehe.

Sell abroad. The weak dollar might prove to be a break for exporters. If you have products and services to peddle why not re-channel your market to those abroad. Some other cheap bastard on the planet will be considering buying American just because their currency has got a bit more value than before. This way, you help out on raising exports too.

Get some money back. So you’ve been paying taxes all your life and thinking that the government isn’t giving enough back? Well, the congress has recently approved a stimulus package, entitling you to a few hundred dollars. But if you think it’s a way for you to buy a Nintendo Wii or some fancy pants, better think twice. Use it wisely like cutting your personal debt. Pay your credit cards.

You might also want to check Money Crasher’s post on being optimistic with ongoing recession fears.