What’s left?

A view of the possible

Recently a number of my clients have asked me how long it will take the economy to rebound.  My answer is “more quickly than most people anticipate - 12 months, 18 at the outside.”  They’re as surprised by the confidence in my voice as the time frame.  Why am I so optimistic about the future?

1. I’m an optimist by nature.  My experience is that things show up when I need them and I believe that’s true for all of us.
2. People will be saving to rebuild liquidity in the next few months.  This will help ease the liquidity crisis and make it easier for banks to lend.
3. We’ve experienced the earthquake and severe aftershocks.  The aftershocks we’re feeling now are diminishing, as is the cloud of fear.
4. As the cloud dissipates, people see possibilities and act upon them quickly.
5. Human beings are acquisitive by nature.  As soon as the fear subsides and we’ve rebuilt a modest liquidity cushion, we’ll begin spending again.
6. Spending triggers profits and investment.  It also creates jobs.
7. Additional jobs means more spending, more profits and more jobs.
8. Purveyors of doom always underestimate the general public’s will to thrive.

It’s counter-intuitive, but our worst fears are seldom realized.  That’s why I’m confident that the rebound will occur more quickly than predicted.

If there are topics you’d like me to address, send me an email at dale@furtwengler.com.

Tags: counter-intuitive thinking

This entry was posted on Monday, November 3rd, 2008 at 6:56 am and is filed under Finance, Leadership. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.