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Preparing For The Coming Storm In World Econnmy by nairalife101: 1:08am On Jan 17, 2016 |
The new year opened with turmoil in the
Chinese stock markets as prices fell dramatically,
leading to a global selloff. In just one week,
global stock markets lost over $2 trillion US
dollars! Other news in the global markets saw
the price of a barrel of crude oil fall below $35
per barrel, down from a high of $62 per barrel
less than 12 months ago. That’s down 50% in
12 months and 71% in 24 months!
Since the beginning of last year, 2015, the price
of copper has fallen by 30%; iron ore is down by
42%; platinum has also been a disaster, losing
more than half its value from less than three
years ago. Agricultural commodities have not
fared much better on global markets. Last week
the South African rand hit an all-time low of
16:1 against the United States dollar and it’s
still falling!
Your small business in Harare, Lagos or Nairobi
may not have anything to do with China, or with
any commodity like oil, iron ore, or platinum, so
you might be asking yourself, “What’s that got
to do with me?” Answer: EVERYTHING! It has
everything to do with you, and its impact is
going to be very personal... Brace yourself,
there’s a storm on its way!
You might even be sitting at your desk as a civil
servant, or supervising children at school as a
teacher, or upholding the law as a policeman;
or maybe you’re a pensioner, and you’re also
saying to yourself, "I'm not in business; I don't
know anything about these things, so what’s it
got to do with me?” Answer: EVERYTHING! It has
everything to do with you, and its impact is
going to be very personal... Brace yourself,
there’s a storm on its way!
You look at the sky and see rolling black clouds.
The wind is picking up and you say to yourself,
“A big storm is on the way.” Even though rain
isn’t yet falling, you know the signs of a heavy
rain storm and that you must button things
down and secure yourself properly. Or maybe
you’re one of millions on the continent today
suffering another rainless sky, for months on
end, putting your fields, crops, livestock,
perhaps your whole life at risk...
These are "signs" in weather conditions. Those
who are experienced in such things can usually
say with a degree of certainty that a storm is
coming. However, if you do not understand
these matters, or you blissfully decide to ignore
them, you’ll suffer a serious drenching or worse.
In business economics we also have signs, and
we're seeing these warning signs right now.
They're not any different from the black clouds
and the wind, or the clear sky and the drought.
They're all linked. The stock markets of China
and New York may seem far away, and global
commodity prices and exchange rates may seem
irrelevant to your village, but they’re linked to
the real economy in which you live and work!
The next 12 months or more will be very tough,
particularly in emerging markets. Many African
countries will find it hard going. Consequently,
it will be tough for citizens, especially those who
are most vulnerable. The weaker your country's
economy going into the storm, the tougher it
will be. Similarly, the weaker your company or
employer, the tougher it will be...
__There is a storm coming.
Now let me tell you about the flight of the
eagle. Prophets and Kings of the bible world
absolutely loved watching this majestic bird.
They believed the eagle is the only bird that
flies during a storm. It's developed a flying
technique (a skill) they call "mounting" the wind
(as though it were climbing a stairway). The
eagle has so mastered the storm that it not only
flies during storms, but can find opportunities
to prosper; it can actually use the storm to its
advantage.
Even in these storms, those with the correct
mindset will prepare themselves. They will train
themselves to understand the times, and learn
to prosper in its headwinds… they will mount on
wings as eagles!
Yes, it’s going to be very tough, and for some of
you, tougher than anything you could have
imagined, but you must not be discouraged or
wearied. And when you come through it, you
will be much better at what you do. Just don't
be afraid, and don't panic. In this series I will
remind you of some of the things you must do
to prosper like the eagle.
This year we must be serious, very serious.
Africa expects it of us.
To be continued. . . |
Re: Preparing For The Coming Storm In World Econnmy by Youngzedd(m): 9:32am On Jan 17, 2016 |
Why not include the source? This is Oga Econet work. 1 Like |
(1) (Reply)
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