Sub-prime Lending: Concerns over potential for deflation

 Loans of up to 125% available                   

(But you have to PROMISE to repay for as long as it takes for me to trouser my bonus!)

Probably no proof of earnings

Simple self certification scheme

But PLEASE don’t default otherwise it won’t just be yourself and your family you are letting down

Talking about Seth’s Blog: “Notice me”

For as long as SG spouts wisdom I am happy to contemplate his words and, if needs be, share them. If it provokes some thought then no harm done.

Seth’s Blog: "Notice me"
If the new web has a mantra, that’s it. So much time and effort is now put into finding followers, accumulating comments and generating controversy… all so that people will notice you.

People say and do things that don’t benefit them, just because they’re hooked on attention. Attention is fine, as long as you have a goal that is reached in exchange for all this effort.

Far better than being noticed:


Engaged with

Purchased from



Teaching us


Leadership: “Thompson Twins” still raining on OUR parade

When will our political and [their co-conspirators] financial leaders, finally realise that for as long as they are the living embodiments of a ME culture (greedy and self serving) their actions will betray the falsehood of their hollow words!?

Any chance they have of re-igniting the embers of trust…over which they continue to dry the cold sweat from their twitching hands…is dying fast!

The game is up!

We have all seen damage that the creeping cancer of greed has done, to a greater or lesser extent, in every area of our lives: social; economic; environmental; cultural. Of course it is more readily identified in the area where it tends to thrive but just take some time to ponder upon “cause and effect”.

Self regulation is NO regulation

The Government developed an unholy unhealthy, dependence upon the vast tax revenues generated by an, essentially, unregulated banking sector. Taxes that have been mismanaged by our political representatives! They have shown themselves unworthy of our continued trust

(1) failure to adequately regulate banking activities – investment & UK personal credit

(2) expenses scandal – cringealongaJacquiSmith

“Police evidence suggested that between 28 June 2007 and 31 March 2008 Ms Smith spent 26 more nights in Redditch than in London – her account had suggested it was only two”

Someone who can’t readily establish the difference between 2 and 26 is, obviously, in need of some assistance…at least with their numeracy. Apparently her husbands eyesight has been deteriorating too…due, no doubt, to working long into the evening under a poor light whilst his Missus was stuck in London!!!?

BUT to make matters worse and confirm that it isn’t “number blindness”, or something similar, she even attempted to smear her sisters neighbours for daring to speak the truth about the amount of nights she spent in London. FACTS easily established by referring to Police records for protection staff locations.

How can these people even talk about “integrity”, “trust” and “transparency” whilst they continue to sell us “recovery” when they know that we STILL aren’t being told the whole truth. If the full extent of the financial abyss was truly known surely we would have heard about outline plans for a grand economic strategy unveiled during the party conference season. Instead what we got was a big box of patches and a “Taxation for dummies” style approach that will be the start of a process to introduce the worse news on the drip.

Fear of process to transparency is obstacle to change.
They have badly miscalculated the extent of the disgust that the public feel. They have also failed to realise that they have underestimated the collaborative tools now at the disposal of savvy and concerned individuals to entrepreneurs to collaborate, to provide, a more engaged sustainable strategy and leadership that will advocate transparency and sharing.

My fear is that, unless the clamour for change continues to gather momentum, the current or next government will continue to allow the banks (that we own) to divert funds away from an SME market being starved of much needed liquidity. Why would this be allowed to happen? Some may speculate that, IF things are as rotten at the core as I believe, we do not yet know the full extent. We have no reason to trust either institution.

IF the government intervention, on our behalf with our money is so, apparently, ineffective and the banks are using the same philosophy (as got us into this mess) to deliver short term results. It is a mere smokescreen whilst they regenerate, safe in the knowledge that they can get away with talking the talk until they can get back to peddling debt.

It may be nonsense and I could have drawn the wrong conclusions in which case I stand to be corrected. But the longer the government can stave off the  signs that recovery will be W -shaped (I am not alone in believing that this is – almost – inevitable) before an election featuring opponents who are only as bad as you, there may still be a chance of hanging onto power. Then both politicians and bankers can get back to business as usual.

If it is all the same to you I would rather not leave my destiny and that of my children in the hands of the people who have given us £30K debt per UK household whilst they amassed enormous wealth for themselves and, now, stand to add to that wealth as they manipulate this “new” money in the markets(hopefully) recovering the traumatic events of the last years.

Fear of apples: Seth Godin wisdom

If you are unfamiliar with the work of Seth Godin I would urge you to check him out: 

In his latest blog he makes a very good point which, to me, feeds into the need for TRANSPARENCY and CUSTOMER VALUE! Seth’s Blog: Fear of apples 

"People are afraid of tax accountants, iPods, chiropractors, non-profits, insurance brokers and fancy hotels. They’re afraid of anything with too many choices, too many opportunities to look foolish or to waste time or money".

Speaking from an insurance perpsective people aren’t so much "afraid" of insurance brokers but they are right to be concerned about something so "dull and dry" being sold so hard in a flimsy attempt to glamourise the products, if not the industry to try to create some sex appeal. If this isn’t a sign of a sick world then I don’t know what is!

Customers know that they are playing for high stakes when it comes to buying insurance but STILL want to pay rock bottom prices. The industry (like others) has compromised the inherent values required to provide the PEACE OF MIND that should come free with every product. 

The result of this and the hard sell appraoch is a lack of trust in both products and industry. I suppose, to give Seth his due, in tough financial times that could develop into fear.

It never ceases to amaze me how many within the insurance industry can’t see or don’t want to hear how to tackle these kind of concerns. It doesn’t indicate that there is actually a great deal of consideration to the feelings of existing and prospective customers…except, of course, when it comes to marketing!!! 

The Myth Of Efficiency –

The following article reinforces the argument for business change through innovation.

But if you are too focussed upon cost cutting (improving efficiency), on trying to "sell" (increased new business activity) or "buy" (acquisition) your way through these challenging times surely you are merely endorsing a business culture that has shown itself to be, at least, flawed!?

Not the best route to encourage contribution from your employees and other stakeholders who, inevitably, will feel the pressure of each scenario upon their own position. So, by these actions you are effectively stifling any opportunities to innovate. NOT a good message to be sending out about your business!

If you aren’t "open to innovation" you may be snubbing potentially invaluable input….and so much more….to your business from the very people it relies upon. In so doing handing the opportunity for your competitors and new players to satisfy the new needs of a changing markeplace.

Figure the impact upon your business for yourself! 


The Myth Of Efficiency –
Everyone talks about the need for innovation these days, but they especially talk about why businesses are so bad at it. Procter & Gamble recently reduced the washing power of Tide, labeled the new version "Basic," and trumpeted it as an innovation. If that’s the best we can do, no wonder there’s such concern. A recent report from the Doblin Group claims that 96% of innovation resources are focused on incremental improvements. The best-selling book Blue Ocean Strategy claims that only 14% of innovations are "radical," and that those few radical innovations produce 61% of profits.