I have truly been searching for something to hang our hat on moving forward but today did not do us any justice....at least from a recovery standpoint. You see with the economy in a recession and companies sales really falling by the way side we get the following; Sprint laying off 8k, Phillips laying off 6k, Caterpillar cutting 20k, McDonald's (this is McDonald's we are talking about here) is down 24% and Home Depot is eliminating 5k in jobs.
Many are predicting more of the same through the spring. The key to an economic recovery is J.O.B.S. and individuals, couples and families making money, saving money and having money to SPEND. The sticking points in a recession is that it's primary purpose imposes just the opposite thus making it very hard to reverse the trend. To top it off there is such a disconnect between primary rates (the rates offered or trading on Wall Street) and secondary rates (the rates at which consumers can get) that the Fed Purchase Program IS NOT WORKING! I promise to find something "pretty" to read about in the coming weeks but I also must do my part in truly talking about what is fact and not what we "wish" it to be.
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Posted by: Shawn Von Talge
Monday, January 26, 2009
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