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5 recession speeds!

Posted on: February 6, 2009

The snow brought the people out .  .  . to talk

Today it snowed in the UK – a lot for us.  When I drew the curtains, I thought for a moment my car had been stolen.  It was just buried!

Later on in the morning, I walked down to the shopping centre to see if some of the members of Olney100, a community social network for the town of Olney, England, needed my help.  A suprising number of people had driven.  Others, like me, walked and there was an unusual number of people dallying in the supermarket and in the coffee shop.  Unsurprisingly, given the economic circumstances and my interest in promoting Olney100, we began talking about how we should arrange our affairs in what is a downturn of unknown magnitude and unknown duration.

So what is your view?  What is your recession speed?

  1. I am lucky. My business is OK.  People need us no matter what.
  2. This crisis is outrageous and I take every opportunity to tell decision-makers.
  3. I have cut out all luxuries and I will see this through by keeping my head down.
  4. I am going to wait and see.  I choose to be optimistic that everything will work out all right.
  5. I am systematically reviewing my business looking for new opportunities and new alliances.

I suspect, well I know, that there will be very many more people rating themselves 1-4 than 5.

If we differ in our response, are we wrong?  Should we converge?  Or can we benefit from the variation in our opinions?

Can I ask you this?

Who are three people who give you the most support?  And what is their recession speed?

Does their recession speed help you and does your recession speed help them?

I’d be interested to know.

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