Tony Mitchell
Tony's recent articles
- Re-Use of Company Name
5th December - Coventry is Still Optimistic
1st October - Money Isn't Everything
3rd September
And then it Snowed
29th October 2008 09:47
Given the collapse of the banking system, hysteria in the public markets and unemployment reaching records levels one would not be forgiven for thinking that things could not get much worse – and then it snowed.
We can all recall the joy of seeing the snow fall and settle on the ground and the numb figures as snowball fights raged with family and friends, little thought given to how the infrastructure of general life around would cope.
I see similarities to our current economic problems, we all played in the credit driven playground, enjoying the fun that the freedom of apparently unlimited credit gave us, giving no thought to how all of this credit was being managed or controlled. It is only when the snow turns to slush that we realise that someone has got to pay to clear up the mess.
At Cranfield, we have had the snow mobiles out for a few weeks now and I am afraid to say that I am beginning to see the need to start warming the engine of the snow plough. Speaking to contacts on the front line I am receiving reports that even some of those businesses that had been fairing well are now showing signs of difficulties.
Even if interest rates do reach 2% during next year and Golden Gordon borrows even more, in my opinion we are in for a very difficult twenty four months and all professionals are going to require specialist help when advising clients during the developing blizzard.
