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Posts Tagged ‘recession’

We have an important job to do

May 14th, 2009

On May 12 the Australian Treasurer brought down the Federal Budget.  Predictably it revealed an enormous deficit and much talk about the recession and economic realities etc.  I find it so thoroughly depressing to listen to all the negative drivel coming from the mouth’s of all the naysayers and championed by a media that delights in putting a negative spin on everything.  An absence of business and consumer confidence is a primary cause of a recession and without wishing to over-simplify the solution, a fast recovery is much more likely if the media would either shut up or better still, focus on the positive things that are happening in the world especially emerging trends that auger well for a solid recovery.   We can stop having a recessionary mindset if we just stop measuring and reporting on GDP until it starts to move back into the black! Read more…