Just wondering how everyone feels about the way the economy is going. We had a meeting today about cutting cost, and I hear rumors of lay offs and things of that nature..Any one nervous?......
Both of your posts are dead on target.To give you some additional things to think about.
In some areas, property values have gone into the dumpster. Naples Fla is one of those places. Where a friend of mine was doing 500+ closings a month they are now lucky to do 5-10 a month.
So there are a lot of isolated areas that are really hurting.
One thing to think about as well.
In troubled times, it is usually best not to be burdened with excessive debt. Actually that is a good idea for any time. But in tough times, it is really pretty bad. With the costs of living going through the roof, disposable income is shrinking. Check out the local paper and see how many people are dumping motor homes.
So if this economy has you really worried, use your tax rebate to pay of debt. At least those of you that will get the rebate. I for one dont seem to qualify.
See my post?
I've been back inside for 3 weeks now making $10 an hour. Don't know how I'm gonna survive this if I don't get back out on the road soon.
But a down economy is also a great opertunity for the right businesses in the right field. A great many fortunes are made when it seems every one else is in the dumper.d
To your question on the economy, that is a real interesting problem. UPS will do well, regardless of the economy, as things have to keep moving. In some aspects, they might do even better than most any other of the companies. When you have tight times, you dont stockpile much. You also order in smaller quanities, in case the economy goes really south.