I don’t know about you but I have totally given up trying to understand either the policies or reactions of banks, stock markets and politicians.
Take yesterday for example, stock markets rallied after the head of the European Central Bank pledged to do ‘whatever it takes’ to save the Euro. I mean how mad is that, the biggest collective global financial gathering taking comfort over someone reaching into his toolbox and pulling the ‘whatever it takes spanner’?
Consider this, what if I was to walk into a bank on Monday morning to request a loan to prop up my faulty business. Rightly so, the bank manager should request to know what am I going to do about the loss of money, where were my projections, how was I going to turn a profit? I sit upright and proud, lean forward and say confidently: “Mr Banker, I will do whatever it takes!”
Now, I should expect to be chucked out on my ear at this point but perhaps not? After all this is a bank, the same institution that thought the property bubble was eternal, that passing debt to the bank next door would never come home to roost because the world is flat and that it was OK to spend £500 on a bottle of ‘Bolli’ on Friday nights because they deserved it having spent a week doing ‘whatever it took’.
Where am I going with this rant? Most businessmen and women I speak to are sick of wrong economic forecasts, politicians that are clueless and bankers that justify Cockney rhyming slang – we’re just quietly getting on with it! Recession? What recession? Just about every business is doing what its always done best, adapting and adjusting to the market conditions, expanding into new opportunities and withdrawing from less lucrative markets. We’re just getting on with it!
So, if you are like me and don’t understand how some of these people get dressed in the morning let alone make “policy binding decisions”, fear not because the real movers and shakers gave up on this crowd a long time ago.
Do, however, raise an eyebrow if your sales manger’s business plan is simply ‘whatever it takes’.