What going to tell you us when things are going to get better.

I am going to be real honest and I am a very honest guy. No one knows what is going to happen with the economy. I could stop right now and move on to another topic but I am not. When there’s a well there’s away and that is the beginning of things getting better.

Recently Jack and Suzy Welch had an article in Business Week about the economy. As a side note they are always on the back page of Business Week and have very insightful articles. Here are two people that are at the tops of the top in business and here is what they said when asked by a young man who works on Wall Street. His question was “when are things going to get better”. Their answer was “sometime in 2010, maybe”, boy how about that for commitment.

Jack and Suzy have five phenomena and they seemed fairly certain to them. First the economy has hit some kind of bottom. They gave many reasons why. Second they thought when there is an uptick in demand it will yield a quick response to the economy, because inventory are so low that any increase in demand gets more orders in the supply chain.

Third, the American banking system is stabilizing. It is not perfect but definitely on the mend. I won’t bore you with all the details so I’ll move on to point four.
Fourth and you might find this interesting. As they said it, another “KNOWN”, people are generally feeling better and they based that on the Consumer Confidence Index. There are still a lot of those that are feeling the pain and there are going to more pain in the near term. However as things continue to improve consumer confidence will keep rising and the pain will subside.

The fifth phenomena is not one that is positive. It is about Presidents Obama’s federal budget assumptions of 4% GDP growth through 2013. They see it as totally unrealistic. Their feeling is GDP will be around 2% and if that happens and the budget stand as proposed, there will be a real need for higher taxes and we will still have increasing federal debt.

To finish their thinking, they have no idea when the economy is going to turn around. Their only “guarantee” is there will be a lot more uncertainly.

When you look at it, there has never been any guarantee’s and for sure uncertainly is nothing new. It is time for all of us to get creative, energetic, and plow ahead and make our own future
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