Recession?

The news is full of doom and gloom about recession. Sure enough, the banks have self-destructed, car sales have ground to a halt as people are wary and credit disappears and estate agents and retailers are suffering. To hear some commentators, the credit crunch is armageddon.

But in the real world, life goes on and so does business. A common theme is that business is holding up well. While there may be an element of keeping spirits up in some cases, the fact is that the end western civilisation is not nigh.

Maybe noone will get rich in the next few months but we're not all going to hell either.