More resolution

is what is needed from me. It still feels like winter, but the days are getting longer and I hope to start travelling around Britain once more. Just back from doing research in York and once more enthused by the people of Britain. New post is first step,trying to work out how to blog from new phone will be next step

Slightly late resolutions

Once more I resolve to be a more diligent blogger but the proof will be in the writing. Am still struggling to find the best way to tell the story of my travels around Britain. There are so many different ways of telling the story, I can't decide which way to do it.

Perhaps I need to get to doing some travelling and that might help to inspire me. I shall try to find a day next week when I can spend some time travelling around London

How can it be so long

since I last wrote anything? The summer seems to have evaporated in my hands (again). I am still watching and wondering but writing little.

Today the news is trying to make out that many parts of Britain are like The Wire. I'm reading The Corner which is about the time the writers spent in Baltimore - it's very good but don't think Britain is quite the same.Drugs are certainly a problem and available everywhere, but haven't seen any open air markets as in The Wire. Drugs are a global business now, and so there might be places but don't think anything is quite that open.Perhaps indoor markets rather than outdoor markets.

But for now back to writing and trying to resist the compelling story of the Corner

beginning and ending

I have been trying to write the conclusions chapter. I know it is slightly too soon because I am still trying to work out the details. But I tried and there is a chapter. When I read it through the beginning feels like the introduction, not the conclusion.

I'm trying to work out whether or not this is a problem. It is because it isn't working, but I may just sleep on it and hope my unconscious mind can work out the answer. And the conclusions.

It's nearly spring

I was wondering along the banks of the Oxford canal and saw and heard the first lambs of the year. They were gambolling around in picture book fashion. There were dozens of boats moored on the canal. Now I want to live on a boat. And I want to find a map of the canals of Britain. Wonder if they get used for transport or only for leisure.

We are all on a diet

The Bank of England has just announced it is going to print more money (well they call it quantitative easing). They are doing it because the other measures don't seem to have worked to get more money into the system. The assumption seems to be that with more money around we will borrow and go shopping.

But what if we have all decided to put ourselves on a financial diet for the time being.

I have joked that for the past few years my weight and my bank balance were going in opposite and wrong directions. More money, less weight, good. Less money and more weight, depressing. But what if we have all decided that we have to stay on a financial diet for the next months or even years.

If our resolve holds good then we will ignore the temptations to take on debt (sweet temptations) and will either save (eat virtuous vegetables) or at least spend only what we have. We would still be spending most of our money, but less impulsively. This might be good for our personal bank balances (and waistlines) but less good for the economy as a whole. For years we have been spending (and eating) too much.

So it makes sense to cut back. Doesn't it? So is the Bank wise to encourage us to go shopping? Or should it all go on saving? Is there any point trying to save any more? It all seems very odd and I'm not sure anyone understands the psychology of what is going on. If they don't understand our motivations, then how can good policy decisions be made?

For the bankers and speculators it may be a new world (with few deals there are few fees and it does seem as if those days are gone). But for the real economy, it seems back to front. Savers are being punished so should we all become speculators?

Either way I think that many people are now wary and want to know they have some money to tide them over a crisis. They don't want to spend on unnecessary items. A lot of the slowdown may have come from people deciding to stop and think about what they are buying. That's what I've done. And it seems that businesses might be doing the same. Several of the businesspeople I have interviewed recently said they realised that they had extra premises they weren't using or too many vehicles, or more people than needed. So they've cut back to what they need.

But this streamlining, combined with the credit crunch may be what has made the slowdown so severe. Is it moving away from the 'global' and back to the 'local'. Not 'local' in the sense of being protectionist, but 'local' in the sense of 'what matters to me'

My hunch is that many will stick to their financial diet rather better than the nutritional one. So quantitative easing may seem like the 'friend' who tries to tempt you with chocolate cake when you have just told them you are on a diet.

Are there two economies out there?

I have spent this week travelling around Britain doing some interviewing and generally seeing what has changed in the past few months. There appear to be a lot more empty offices out there. A few less shops but generally high streets look in better nick than some of the business parks.

I asked at the various hotels and restaurants I visited how business was going. Pretty well, they all said with some surprise. Everyone had been expecting the worst, but a number said their business was up on last year. This seems at odds with what I read in the news. Last week I was talking to bankers and they do seem scared by it all.

But with this gap in what is going on I began to wonder if there are two economies running in parallel. The global economy which does all the modern clever stuff with financing. Here companies do everything on debt, you rent your offices, outsource as much as possible, make money on the turn. It's all in the abstract notions of shareholder value. Making money out of money. Here the news does seem to be bad because it is so difficult to find money.

The other, which I'll call the local economy is business as it used to be. Whether making things or providing a service, it is a slower growing model. Grow organically, perhaps borrow a bit to expand the business but all rather considered and cautious. You know your customers and they know you. Here the impact of the global slowdown seems to be rather less. It may not be easy out there, but it's not that bad either.

Before we all get too complacent, it may just be a timing thing and as the year goes on and unemployment rises, these businesses will suffer as well. But for the time being it seems as if there are two parallel worlds out there and only one is a rollercoaster (at the moment).