The missing element in this recovery, says the Kiplinger Letter, is CONFIDENCE. Lacking a clear picture of what’s ahead, business managers are reluctant to commit to new hires, more space and inventory. Average consumers are loath to open their wallets for much more than necessities. And investors startle and sell at every negative bit of news.
Consider the missing elements in recovery …
- Economic woes
- Layoffs in June/July of short-term Census workers
- Tax credits for home buyers expired
- A widening trade deficit
- Most other components needed for growth
- Big banks have oodles of funds to lend
- Big firms are rolling in cash they can spend
- Consumers are getting their budgets in order
With time…probably in a matter of months…the fear and uncertainty will fade, and stronger growth will reemerge.
Petey’s Comment – So much depends on where you live and how much confidence you allow yourself to have and take risk.
“I am not afraid of storms for I am learning how to sail my ship” Louisa May Alcott