Home Back Issues September 2011 From the Editor: Open your mind to optimism

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

Spring thaw

News
Thursday, April 17, 2014
Spring ThawBY JASON NORRIS | OB BLOGGER

The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.


Read more...

Closing the gap: Community colleges and workforce training

News
Thursday, March 27, 2014
03.27.14 thumb collegeBY MARY SPILDE | OP-ED CONTRIBUTOR

Community college career, technical and workforce programs present an opportunity to bring business and education together as never before.


Read more...

How to help your staff solve their own problems

Contributed Blogs
Friday, March 21, 2014
03.21.14 thumb coxcoffeeTOM COX | OB BLOGGER

During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.


Read more...

The 2014 List: The Top 34 Medium Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

Eking out a living

News
Tuesday, April 08, 2014
04.08.14 thumb ourtable-coopfarmsBY HANNAH WALLACE | OB BLOGGER

It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.


Read more...

Making faces

News
Thursday, February 20, 2014
02.20.14 Thumbnail ModelsBY VIVIAN MCINERNY | OB BLOGGER

As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.


Read more...

Speeding up science

News
Tuesday, February 25, 2014
02.25.14 Thumbnail MedwasteBY JOE ROJAS-BURKE | OB BLOGGER

The medical research enterprise wastes tens of billions of dollars a year on irrelevant studies. It’s time to fix it.


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