dadssdree

  As I write this article, the state of global finance is very much uncertain. One country sneezes and the rest of the world catches cold. Nothing is certain – jobs least of all. There once was a time when, if you had a job in a bank, you were set up for life. Not so any more. There are factories, retailers, industries, and banks, falling down all around. However, this is a phenomenon that repeats itself: Every twenty years or so, in the financial world we experience a recession. Recessions, by their very nature are temporary. Some recessions are worse than others, and this one appears to be bad. But it is still temporary. It doesn’t have to be as bad as it seems. We all – but in particular the media – do tend to think of ‘bad news’ as ‘good news’ and we talk ourselves down into even more ‘bad news’. It’s not possible to open a newspaper or turn on the TV without being bombarded with facts about how bad and how gloomy the times are, and how we are all diving into an even deeper recessi