Credit crunch/financial downturn - why I'm staying positive

Posted on: Tue, 01/04/2008 - 14:38
Credit crunch/financial downturn - why I'm staying positive

I hate the media's attutude to the credit crunch, financial downturn etc.

My personal belief is that they are negative and almost seem determined to talk us into a recession.

What are people's thoughts on :

1)the media'sattitude to business/the economy generally

2)is a downturn actually happening?

3)If it does is this necessarily a bad thing for entrepeneurs?

My view is that the media should report things fairly and in a balanced way without using the bad headlines to hide the good news stories.

At the moment the economy is actually still growing in the UK - as I understand it a recession is defined as 2 quarters of negative GDP growth. We certainly ain't there yet - despite what the BBC might be saying.

Lastly, with other businesses panicking, new start up's delaying launch I think I'm perfectly placed to kick the ass out of my competition (pardon my french). I know I can do better than the incumbents in my market.

As a final last point, with interest rates low, the banks will eventually get out of their funk about lending to each other - I think that a start up like mine that plans to expand rapidly about 18 months after launch will have financial institutions lining up to lend it money - I'm ideally placed and that's my thought to the nay-sayers (so there !!!)

Bullish about Business, what recession ....


Posted on: Fri, 11/04/2008 - 23:48 #1
Re:Credit Crunch

Hi Phil,
I hear what you are saying, unfortunately the public seem to lap it up
1. The media always jump on the bandwagon on whats flavour of the month!!
(ie this time being the Credit Crunch!!!, with house prices falling for the first time within 16 years)
2. There seems to be a self-fufilling prophecy, the more you hear something eventually you beleiev it to be true!!! Even if there is a Economic Downturn ( I cannot say the dreaded "R" word)
there are oppotunities!!! The Chinese have a saying "In Every Crisis there is an Opportunity"(I think it was the Chinese!!! The Yin Yang Principle)
3. Entrepreneurs are used to personal and professional obstacles!!! however they have a vision and they seem to use adversity as an advantage rather then a drawback!!! so the called Credit Crunch/Economic Downturn will only make them try harder and make them wiser!!!
So No I do not think it will make that much difference!!
The only thing that will make a difference is the government dithering over changing and charging the CGT( Capital Gains Tax) and Taper Relief due to the Public Outcry over the Backlash over the Private Equity!!!!
Kind Regards
Rajesh Malhotra
RMalhotra Consultants

Rajesh Malhotra
R.M.Consultants/Project Creations