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Whose Bad News?

8th March 2016

This week I thought it might be a good idea to list all the good things around us, so as not to be dragged into the despondency the media would like us to believe in.

In reality, who are actually suffering due to the effect of the drop in the stock market? Apparently this has happened because the financial markets believe that there could be problems ahead largely due to China’s slowdown. However, apparently another key factor is due to the decrease, and continuing low price of oil, and the knock on effect this is having for the big oil companies, and the big brokers in the city. The people involved in these businesses are no doubt having a tougher time of it the usual at the moment, but most of them have had countless years of huge profits and bonuses, so relatively speaking surely they can survive a small “blip”. The point is why should these people who are the source of all the bad news and the ones who determine market prices around the world thrust their apparent woes on us, when in fact for the majority of people and business, there are lots of good things going on.

Oil prices being down has allowed many industries to save quite considerable sums, either from lower haulage costs, or because it is cheaper to operate machinery. The lower prices at the petrol pumps also make it cheaper for everyone to get around, and of course the low oil prices have made it far cheaper for many people to heat their homes.

Unemployment continues to drop, wages continue to rise above inflation (which itself remains steadfastly close to zero), building work is going on everywhere, and overall there is more money in circulation.

In other words shouldn’t this be creating more confidence generally, because hopefully with more disposable income available, there is increased likelihood that more and more people will be spending money on things they have resisted for some time.

All in all, for the average person, things look good, and we can continue to make that happen if we ignore the money men, and concentrate on the positives.


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