Pessimism is the most serious cause for the global economic tsunami,? Soloman Mckinley Chairman, James Waters, quoted yesterday.

?There is an ocean of people who are now feeling so depressed that not only have they resigned to the fact that they are in deep trouble, but they have told everybody else that they are also in deep trouble,? the Soloman Mckinley Associates Chairman said before he continued by saying ?Pessimism has an uncanny knack of being self-fulfilling.?

Waters continued his speech by saying ?No wonder almost every single quoted share in the world has gone down significantly, mostly by half, if not much more.? He went on to say ?Even the most solid companies, such as HSBC, which has no real exposure, or BP, which has significant oil reserves or a company like Dell, which has an enormous amount of cash have traded down considerably.?

In particular, governments must immediately instigate infrastructure projects to increase employment, and they must force banks, particularly those that they have rescued, to lend to small businesses. Without a general sense of gainful employment, from which the ordinary people at large can grow optimistic, we run a huge danger of increasing unemployment. But we cannot be complacent. We must stem growing unemployment and promote maximum employment. Jobs measure feelings more accurately than the Richter scale measures earthquakes.

Working alongside Industry leaders Soloman Mckinley Associates recognizes the dramatic need for major changes, with a passionate commitment to business growth. Baker Whitfield Associates provides a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results. We bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for our customers, society and ourselves.

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by James Waters (few years ago!)