Judy Weil

Paychex Warns About Small Businesses

Dear Crocodilian,

Excellent point. I've been reading conference call transcripts from all sorts of industries for a while now. Your comment crystallized in my mind what I have been seeing in every industry, without exception: The language of uncertainty. No one really knows what's going to happen next.
As much as the Fed and the government are trying to help, and even, (which I know some commenters above will not agree with) the banks, there is so much uncertainty. Will banks loosen lending criteria? Will consumers start buying homes and cars again? Will the stock market go up or down again? It seems almost like a coin toss at this point. With so much uncertainty and pessimism, let's hope Americans are all contrarians.

Thanks for your insight,

Judy