|
|
| Recession is On the Way |
| Sunday, February 17, 2008 |
If you are not afraid of recession, don't worry you'll get to experience one anyway. Whether you work pouring concrete patios or selling HDTV sets it will find you and let you know when it is here. The next president will inherit a recession and will have less tools available to correct the problem.
Can interest rates be lowered?
Yes, but that will make the currency weaker and make the US treasuries less attractive as investment instrument. When the Fed Cuts rates it hurts the economy in a number of other places and just pushes the pain down the road.
Get Rich Quick Schemes.
It would seem that the climate is right for get rich quick schemes to be be all over the market. As 75% of American households are currently considering a home-based business. This is not much of an indicator really, but more will take the leap if they lose there job or see that there is outsourcing in the tea leaves. There will be more incentive than ever to stop the pain. The problem is that fr most people a home base business, means a local business and unfortunately for most people that is a weakness. The get rich scheme manufactures will have a field day offering a quick fix with only an $400.00 investment or telling people that all they need is this $40.00 info pamphlet or to come to my seminar to get started.
Monster.com and Careerbuilder.com:
Monster.com and Careerbuilder.com are ramping up their advertising - they can see the writing is on the wall and this is where there company makes the most money. Monster and Career Builder do far better when people are losing jobs and can't find jobs. When there is sever dislocaiton in the job market Monster and CareerBuilder will be king. |
posted by Domesticated Dog @ 3:04 PM  |
|
|
|
|
|
