From the Editor: Open your mind to optimism

| Print |  Email
Articles - September 2011
Wednesday, August 24, 2011

We enter the fall with renewed worry over the economy, losing business optimism locally, nationally and globally. Our readers, who were surveyed in late July for this month’s Input, were asked if they thought things in their region were on the right track or headed in the wrong direction. By a large majority, they said they thought things were headed in the wrong direction, with the gap between the optimists and the pessimists widening since 2008.

At the same time, small-business owners were being surveyed nationally by the National Federation of Independent Business and the results were no less disheartening. According to the NFIB survey, only 10% of small-business owners planned to hire. This is a group that has in the past led the hiring rebound post recession, so if this trend continues, it could signal another recession. “Expectations for growth are low and uncertainty is great,” NFIB chief economist Bill Dunkelberg told Portfolio.com.

A survey of more than 1,500 executives worldwide, taken between June 22 and July 29, showed the corporate world was losing faith in the future early on. Conducted by the Economist Intelligence Unit, it found that almost 34% of respondents expected business conditions in the global economy to worsen over the next six months. Three months earlier, there were twice as many optimists as pessimists.

All three of these surveys were conducted before the stock market began it debt-ceiling gyrations after weeks of political gridlock, and the subsequent downgrading of U.S. debt by Standard & Poor’s. One can imagine how confidence has further dropped since then.

In 2008 and 2009, the business press was flooded with stories making the case for optimism. It’s late 2011 and they’re back. A recent report titled “Why It’s Smart to be Optimistic” by Bloomberg Businessweek reminds again that when the going gets rough it’s time to open your mind to optimism so you can seize opportunities.

I have to agree. I know it is almost impossible not to pull the covers over your head or run for the hills when the bad news flows. But I agree with the Oscar Wilde quip, "The basis of optimism is sheer terror." So take in in the bad news — and try to feel better.

robin-BLOG

 

 

 

Robin Doussard


 

More Articles

Fixing Oregon’s broken roads

The Latest
Tuesday, June 09, 2015
RUCCostComparison rev4-30BY KIM MOORE | RESEARCH EDITOR

The technology at the center of Oregon’s road usage fee reform.


Read more...

Quake as metaphor

Linda Baker
Tuesday, July 14, 2015
071515-earthquakia-thumbBY LINDA BAKER

The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.


Read more...

Urban benediction

Linda Baker
Wednesday, July 22, 2015
072215 THUMB Credit-PontificalAcademyofSciencesBY LINDA BAKER

Charlie Hales has long viewed sound urban planning as the route to salvation: social, economic and environmental. This week, the mayor's city design philosophy got the nod of approval from a bona fide spiritual authority, Pope Francis.


Read more...

6 key things to know about summer baseball in Oregon

The Latest
Friday, June 05, 2015
basedthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.


Read more...

Storyteller in Chief: Natural Prophets

July/August 2015
Monday, July 13, 2015
BY SAM BLACKMAN

Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.


Read more...

Loose Talk

July/August 2015
Friday, July 10, 2015
BY AMY MILSHTEIN

When gossip crosses the line.


Read more...

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS