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The lights are back on and someone appears to be at home
13th November 2008
Did the king realise he was naked
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The future does look pretty un-certain but in the end a downturn must have a silver lining. A new President in the US may never have been elected if the US economy had been prospering.
The Bank of England have at last done the right thing and slashed interest rates to 3% which is incredible based on 0.5% customary shifts we have seen for years.So a new world order in the financial markets starts now because of the failure of the banking system and the dangers created to us all by the hedge fund managers.
We are all to blame for fuelling and allowing what happened but we are all now focused on the solution.Fixing it this time will involve a new order in politics, business and the big elephant in the room, energy management and sustainability. The US will I am sure now take this seriously and I expect Al Gore to appear somewhere in Obama’s line up.
This means we must do something immediately to control the Middle East oil monopoly and as Gordon Brown said, the Middle East producers must strive for a better relationship with Europe, America and China as the do actually need us as much as we need them. If they are not careful no one will be able to afford to go to Dubai!
So this is the moment to take stock and begin again. We have a new generation of children with a different perspective on sustainability, life work balance and the future.Their need for physical assets may well be different to ours and hopefully they will see the need for care in using them.
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Tags:
Credit Crunch , Email , KING
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