1. People are spending less because they are making less. If they do not spend, how can demand for goods go up. If demand for good does not go up, unemployment most certainly will.
2. Extension of unemployment benefits have to be done. It keeps money moving into people hands who move it into other peoples hands and so on...
3. The human psyche is so fragile that if we do not think or feel good about something, it goes no farther than. So, people who are currently employed are not secure or happy in their jobs during this recession. Consequently the lack of spending money comes full circle..
4. Real Estate continues to try to find its feet. However, foreclosures are far from over and until foreclosing goes back to being the exception rather than the rule, we cannot stabilize. The simple fact is it interferes with supply & demand.
5. We are starting to look at Social Security tweaking. Talk of raising the retirement age means a longer way to go for the youth of the nation until they see a check from this system. Any changes going to be made take years to implement and most changes are careful not to interfere with those people in the system or about to enter it.....for now.
6. Health care continue to run rampant even more so now. Changes are coming to the industry and the industry is having its last licks in until it does. The arrogant over-charging and lack of premium services remains the norm.
7. The committing of Medicare fraud is running on cruise control until the perpetrators make a mistake or two by being overly greedy and then derail themselves. That is how they get caught. We have no system in place to check & balance this. Thieves know this. However, until then, these mills or individuals are putting and storing away tons of $$$ before they get caught. Money that will never be recovered I might add.......and as to stopping them before they get their hands in the government till?........we remain asleep.
8. Full service Restaurants have been taking a beating with fast food eateries right behind them. For the consumer, there are some great reasons to eat out. For the restaurant business, expect mergers and failings amongst the existing chains. People aren't going out to eat because of money, convenience, and cutting back reasons. This industry has always been risky, the recession amplified that risk.
9. The market for luxury goods may be stirring. The driving purchasing force which was the middle class has been immobilized. However people have been saving money and now.....in the coming months would be an excellent time to buy those adult "toys" at prices unheard of.
10. If you are not already doing this or to know of people who are....running busnesses out of their homes. It is convenient, cost effective, and allows greater latitude for the business operator personally. All the latest technologies allow and support this easy to do thing....
11. People are hoarding away what little money some people have. However, if something of value is offered, people will still beat a path to your door. Entrepreneurship is hitting new dimensions. Look for these trendy start-ups in just about any sector. Customer service, efficiency and effectiveness will determine successes.
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