Jan
23
Normal service is resumed…..
Mervyn King doesn’t agree with Lord Adair and economists are divided. When is this banking crisis, my preferred term for the unholy mess we are ALL in, going to stop wrecking havoc on our businesses (the “real economy”)? We are now officially in recession. So who do we trust to tell us when the green shoots of recovery have broken through the sterile earth? Certainly not the BBC who seem to be caught in a time warp of an episode of Dad’s Army with Fraser repeating “We’re all doomed”and Corporal Jones flapping “Don’t panic”.
I am making light of what is the most unpredicatable set of economic circumstances we have ever faced – not as as nation but as a planet. Previously we weren’t in a global economy to the extent that we have become tied in knots with China’s GDP falling. National debt and the value of the pound are this week’s focus……what is next?
We open the doors on Monday, say good morning to our trudging staff and hope to hold on. Hold on. Hold on and once more hold on. Hold on to our good customers, hold on to our (good) staff, hold on to your nerve and hold onto your values. Whatever was the value of your offer to the marketplace now is a time to hold onto the essence of that and build on it. Keep on keeping on. When the tide turns those who have held on will be stronger than ever.
