Conflicting evidence !!!

Every day we read the papers and watch the media tell different stories of how the credit crunch is doing. Things can only get better ( one day). In the meantime the answer is cut costs to the bone and give a brilliant service. It is a long hard slog up the road to better times. Life has always had boom and slump so we can be positive and look forward to better days ahead.

The banks are told by government to help small business. 60% of all UK workers work for small business. The banks only lend to small business with secured, mainly property, backing. So most of the time it is the banks who will eventually get the money back. The banks will all make good profits in 2010 but small business will take about 7/8 years to get back to a 2007 position. There are always exceptions .

So these are the rules and all small business can do is try and think one step ahead of the banks.
I deal with two main High Street banks in Business and Private. None of the managers have any discretion any more but they want to keep our business and their own jobs and perks in tact.
Life will change soon and maybe it is just around the corner.

I had a phone call from my stockbroker last week who said the market was on the move. It moved all right down over 300 points. Good call. Just remember stockbrokers get paid on the buy and sell commission. They want the market to keep moving up or down. They will always say ' now is the time to buy' . How much have pension funds lost on the stock market - trillions. There must be a better way to build up a pension for the ordinary everyday worker.