finance 29 September 2008
I don’t understand banking but I do know that if I ran my little business (that’s essentially me and what I do = acting and writing) like some of the major financial institutions have over the last while, I would have been closed down long ago. In a way, we have all been acting like them in as much as most of us have borrowed too much without the back-up to cover it if there’s a crisis. Mostly us muggles don’t do it out of sheer greed and ultimate capitalism though, like some (all?) banks have done – for most of us it’s to put a decent roof over our heads or send our kids to college and what have you. I initially thought this recession was going to be a lesser thing than the one in the 80s, which I remember as a grey, cold and hungry time, but it looks like it has the potential to be so much worse. I think that’s a frightening prospect. I worry a lot about not having enough to pay my bills and I become very unhappy with financial uncertainty. Now it looks like we’ll all have to face into that. In my end of the business I can only hope that the old notion that during hard times people want bread and circuses holds true and, if so, a high wire or trapeze act is what I’ll be living for the forseeables.
