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The Credit Crunch

Crisis

Yahia Lababidi stoically responds to the crunch in Daoist fashion.

John F. Kennedy once famously pronounced, “When written in Chinese, the word ‘crisis’ is composed of two characters – one represents ‘danger’ and one represents ‘opportunity’.” However, it might be more accurate to translate ‘opportunity’ in this context as ‘crucial point’. So rephrasing the crux of Kennedy’s message we can say that, in Chinese, ‘crisis’ is represented as danger at a crucial point, which if seized upon might develop into an opportunity.

In other words, where danger exists, so too does opportunity (or its possibility, at least).

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