HomeAbout UsContact Us
 

Struggling To Raise Development Finance?

News

UK commercial finance brokers, Commercial Financial brokers Nottingham

And it all comes tumbling down

Well weve finally talked ourselves into recession, and not just here in the UK it seems. Every financial market in the world is in turmoil. Commentators, journalists, soothsayers, ex chairman of this or that bank, ex politcians of this or that government department have conspired together with their own version of doom mongering to kick the legs from under the table of the world economy.

Now Im not suggesting that there are no real problems out there; patently, there are. Nor am I saying they are not very substantial; again, they are. What Im criticising is that there is zero appetite for publishing the other side of the story, which in simple terms is

  1. there is still a huge amount of business being done, and
  2. there is vastly more business ready to be done so lets just get on with it

Because news is made from bad news and rarely from good it becomes inevitable that our global fall is faster and deeper than it needs to be - a massive over reaction is guaranteed. The only brake on this free fall is the counter argument I mention above delivered by government departments, opposition parties, and ministers around the world . Yet they remain either silent or whimpish at best. Instead of a co-ordinated, defiant, bullish, aggressive raft of good news and alternative strategies they stand idly by and allow the media its feeding frenzy. Shame on all their houses.

We get the quality of political leaders we deserve, and it seems this bunch of powerless observers turns out to be exactly what we deserve. As if this were not worrying enough, the opposition parties, those who aspire to replace the ruling class, are equally whet. We increasingly get the message that politicians are no more powerful than you or I when it comes to solving or responding to the really big global issues. Weve created a monster, in this case called credit/debt we simply cant find a way to control.

In the absence of political power to influence or resolve this credit crisis, what should we each do in response to the chill wind blowing? Heres a few ideas:

  1. Keep spending, but dont increase borrowing or debt.
  2. Dont save, spend.
  3. If you ignore this advise and insist on more debt, never let it go beyond 60% of your assets; ever.
  4. If you ignore this constraint and demand still higher gearing in your quest for growth and wealth then expect to lose it all in some future financial debacle that no one will be able to control.
  5. If you ignore this prediction youre clearly a maverick chancer who is willing to accept the unpredictable outcome whatever it may be. If you and your banker go down in flames the rest of us wont even feel the heat - as long as weve each followed points 1 -3.

    6.