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What Shape Is Your Recession?


What's your shape?  

 

 

What's your shape?

Troubled times tend to produce great creativity. Steinbeck’s ‘The Grapes of Wrath’ was set in the dust bowl of the Mid-West as the people moved west in search of work. The early eighties saw the rise of bands in the UK such as ‘The Specials’ whose tracks included ‘Ghost Town’ which portrayed British inner city decline as old industries collapsed and ended generations of working traditions. The Second World War saw the race to nuclear weapons to end the war sooner. Not all of that creativity was good but hard times pushed society and people to change the way it had worked in the past.

The last week has been a revelation on economics for me. I have learnt about ‘Keynes’ and his theories on economics which have come back into favour. ‘Quantitative Easing’ is nothing new except for the description. (If you want to follow a good blog on economics then I suggest following Peter Cannings’ Blog)

The tough times most of us are experiencing now don’t yet appear to have shown signs of great music or innovation which were not already happening before the recession took hold of the world with the exception of the politicians and soothsayers. 

And the politicians, journalists and soothsayers have excelled themselves in describing the recession for the last few weeks. There seems to be a new sport amongst them for describing the ‘shape of the recession.’ Some say the recession will be ‘W-shaped’. For others, it will be ‘V-Shaped’ or ‘L-shaped.’ The best I heard was that it would be ‘bath-shaped.’ 

Britain’s ‘Chancellor of the Exchequer’ revealed his budget last week which revealed more about the recession than any of the ‘shapes’ being conjured up by the soothsayers and politicians. There not so much a ‘shape’ but more of sound as the nation sighed a very long “Oh dear.” The journalists on the BBC’s Radio 4 ‘Today’ program described the budget as “salami-slicing” which was a new but novel description. 

But whatever the politicians and soothsayers predict, or however they describe the recession, it is not them who have to get us out of the mire we are sliding towards. It is you and me that have to prevent ourselves sliding into the swamp. There is no sign of the recession in the small business in which I work with 24 other talented and professional people apart from a determination to work our way past it. We have had more quotes going out to customers and prospects in the last four months of this year than we managed in the last six months of last year. 

It is now that our imaginations are being pushed to work out new ways in which to help our customers. It is now that we see a scramble for people to gain new skills. Our customers want to try things out without expending huge amounts of cash. They are experimenting with ideas that were fads yesterday but now seem to be eminently sensible. Small businesses don’t have the cash to burn on risky projects, but most of people in them will be trying things out to understand how they can be used for their large clients. 

So, the signs of creativity are beginning to show through in the recession. People are looking for value more than five years ago and this is driving creativity. But, as far as my shape for the recession goes, I don’t have the time to ponder upon it. Although, if I was to choose a shape for the recession it would be an ‘X’. ‘X’ marks the spot. The spot where I stop predicting and start doing. That’s the only we can get out of this mess.

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  1. lawrencegmcdonald
    29/04/2009 at 12:54 am

    This will be the first and ONLY book that describes exactly what really happened inside the walls of 745 7th Avenue – the Lehman Brothers headquarters. Published July 15 by Random House.

    A Colossal Failure Of Common Sense

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