Guru set to gee up Bundy
THERE was no crystal ball for market analyst Barry Urquhart when he correctly forecast the onset of the global financial crisis.
The Australian business specialist made headlines across the world in 2006 for his prediction that a period of downturn would directly follow the 2008 Olympic Games.
As fireworks lit up the Beijing sky in the closing ceremony of the Olympic Games on a Sunday in August 2008, a profound change was taking place in international financial markets.
Banks and financial institutions ceased lending and stock prices began to take a turn for the worst.
The striking prediction was made after a study of consumer behaviour across major international markets and long-term projection graphs for major industries.
“It was an outlandish statement to make, but it was clear to us at the time that current growth was unsustainable and the bubble would eventually burst,” he said.
Mr Urquhart will bring his financial nous to Bundaberg tomorrow for a seminar targeted at local business owners, focusing on how to get out of the doldrums after the floods.
The business guru is being brought to the city by local radio station 4BU in an effort to give business owners guidance and a bit of inspiration at a difficult time.
Mr Urquhart said while there was strong room for growth in the current climate, equally there was potential for decline.
“How businesses fare will be informed by the actions of business owners,” he said.
Mr Urquhart will speak at the Moncrieff Theatre tomorrow from 6pm.
Tickets are available from the theatre for $20 and can be bought right up until the event starts.