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Series: The Eagle In A Storm (part 1 - Intro). by Nobody: 6:19am On Feb 12, 2016 |
Series: The eagle in a storm (Part 1 - Intro).
The new year opened with turmoil in the Chinese
stock markets as prices fell dramatically, leading
to a global selloff. In just one week, global stock
markets lost over $2 trillion US dollars! Other
news in the global markets saw the price of a
barrel of crude oil fall below $35 per barrel, down
from a high of $62 per barrel less than 12
months ago. That’s down 50% in 12 months and
71% in 24 months!
Since the beginning of last year, 2015, the price
of copper has fallen by 30%; iron ore is down by
42%; platinum has also been a disaster, losing
more than half its value from less than three
years ago. Agricultural commodities have not
fared much better on global markets. Last week
the South African rand hit an all-time low of 16:1
against the United States dollar and it’s still
falling!
Your small business in Harare, Lagos or Nairobi
may not have anything to do with China, or with
any commodity like oil, iron ore, or platinum, so
you might be asking yourself, “What’s that got to
do with me?” Answer: EVERYTHING! It has
everything to do with you, and its impact is going
to be very personal... Brace yourself, there’s a
storm on its way!
You might even be sitting at your desk as a civil
servant, or supervising children at school as a
teacher, or upholding the law as a policeman; or
maybe you’re a pensioner, and you’re also saying
to yourself, "I'm not in business; I don't know
anything about these things, so what’s it got to
do with me?” Answer: EVERYTHING! It has
everything to do with you, and its impact is going
to be very personal... Brace yourself, there’s a
storm on its way!
You look at the sky and see rolling black clouds.
The wind is picking up and you say to yourself,
“A big storm is on the way.” Even though rain
isn’t yet falling, you know the signs of a heavy
rain storm and that you must button things down
and secure yourself properly. Or maybe you’re
one of millions on the continent today suffering
another rainless sky, for months on end, putting
your fields, crops, livestock, perhaps your whole
life at risk...
These are "signs" in weather conditions. Those
who are experienced in such things can usually
say with a degree of certainty that a storm is
coming. However, if you do not understand these
matters, or you blissfully decide to ignore them,
you’ll suffer a serious drenching or worse.
In business economics we also have signs, and
we're seeing these warning signs right now.
They're not any different from the black clouds
and the wind, or the clear sky and the drought.
They're all linked. The stock markets of China
and New York may seem far away, and global
commodity prices and exchange rates may seem
irrelevant to your village, but they’re linked to
the real economy in which you live and work!
The next 12 months or more will be very tough,
particularly in emerging markets. Many African
countries will find it hard going. Consequently, it
will be tough for citizens, especially those who
are most vulnerable. The weaker your country's
economy going into the storm, the tougher it will
be. Similarly, the weaker your company or
employer, the tougher it will be...
__There is a storm coming.
Now let me tell you about the flight of the eagle.
Prophets and Kings of the bible world absolutely
loved watching this majestic bird. They believed
the eagle is the only bird that flies during a
storm. It's developed a flying technique (a skill)
they call "mounting" the wind (as though it were
climbing a stairway). The eagle has so mastered
the storm that it not only flies during storms, but
can find opportunities to prosper; it can actually
use the storm to its advantage.
Even in these storms, those with the correct
mindset will prepare themselves. They will train
themselves to understand the times, and learn to
prosper in its headwinds… they will mount on
wings as eagles!
Yes, it’s going to be very tough, and for some of
you, tougher than anything you could have
imagined, but you must not be discouraged or
wearied. And when you come through it, you will
be much better at what you do. Just don't be
afraid, and don't panic. In this series I will remind
you of some of the things you must do to
prosper like the eagle.
This year we must be serious, very serious.
Africa expects it of us.
To be continued. . .
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