is there a bright side in today’s economy?

Any excuse to watch a bit of Monty Python!

Anyway, I have been chatting to many people over the past week about the current financial situation and the Lehman nightmare in particular and I honestly believe that whilst absolutely dreadful for many individuals involved, a crisis such as this usually needs to happen.

Markets need to re-adjust, be it financial, housing or others and the surge of talented employees now on the market, combined with lower property and business service costs provide an opportunity for many businesses to expand, hire people they wouldn’t have been able to attract at one time and get their own businesses in better shape.

Just read this post from my pal Ged:

This is not about belittling the personal tragedies of Lehman employees who have been laid off, but instead looking at the bigger picture.

  • You have a surplus of skills: IT professionals, quant / math freaks, economists and former rocket scientists – all of which could be useful in coming up with a killer technology application or web service. Think about it this way – former Morgan Stanley computer programmer Joshua Schachter came up with
  • Some interesting points about why change can be a good thing.

    One comment

    1. Simon G · September 22, 2008

      Hi Becks, as you know the IT industry had a 20 year party up to 2000/1, and then we had the anti-climax which lasted a few years. I think the financial industry is now going through its own version.

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