I love Groundhog’s Day. It is a silly holiday that you can just hype up and people giggle at.
When reading a post from Chris Brogan today, along with my Wall Street Journal, The Waterboy and a healthy dose of Morning Joe, I’ve come to a conclusion about this economic mess. The economy prognosticators have it all right. And all wrong.
Here is why Punxsutawney Phil — that famous groundhog — is relevant to what is going on with this economy prognosticators right now and what we can take away from him. If Phil sees his shadow, gets scared and scurries back to his burrow, there are six, long weeks of Winter left. If he doesn’t see his shadow, there are only six weeks left of Winter. Yeah!
We can learn a lot from this annual holiday in Punxsutawney, PA, but accurately predicting the future is not one of them. The “Inner Circle” of Punxsutawney have figured out how to get thousands of people to visit their little town in a very cold part of the country in the dead of Winter and all the news media talking about them for a whole daily news cycle. They created a legend of a groundhog, dress up in top hats, hold this grand ceremony and declare the future of Old Man Winter!
That is all these economy pundits are doing. Nobody knows the future. The quality of the remaining six weeks of winter is not a function of a skittish groundhog or a proclamation made by a fraud in a top hat, but by the decisions you make with that time. Will you hibernate and wait out winter or go out and play with the snowflakes? The choice is yours. Choose wisely.
As I mentioned in my comment to Chris Brogan’s post:
My take on all this future stuff, however, is to look at future films of the past — even as recent as the 1980s. Nobody got the 16:9 television. Even when screens were larger, wall-sized, the 4:3 format still reigned.
For the astute reader, you may have seen the mention for the movie The Waterboy in my opening paragraph. At one point in the movie, (toward the end, you have to watch the whole thing) Coach Klein envisions his nemesis Coach Beaulieu with the head of a cute puppy, is no longer scared of him and adopts a new-found self-esteem.
The next time you watch Joe, Pat and all these other prognosticators on television predicting gloom and doom, envision them with the head of a groundhog.
Then, go make your own future. It will happen whether you wait it out or not.