Sold At The Top

Is An Economic Recovery In Sight?

User 353732,

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Are We About to See an Unemployment Super-Spike?

User 353732,

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On Jul 10 05:49 AM User 353732 wrote:

> 1. Firms do not heal well or soon when they face a continuing credit
> squeeze, esp small and medium businesses which are the source of
> most job creation and much innovation in the economy; distressed
> and fearful customers; a relentlessly hostile business climate created
> the Govt via new costs and risks; and shrinking international markets.
>
> 2. Firms do not invest in anticipation of demand when they lack confidence
> caused by the growing disconnect between the business reality they
> experience and the fabricated economic data from the Govt and the
> MSM
> 3. Firms substantially shorten their strategic horizon when they
> fear high inflation, dollar debasement and anticipate spiking interest
> rates: they focus instead on survival ,not strategic planning; on
> shedding liabilities and further pruning their least productive employees
>
> 4. Firms that have a substantial exposure to State and Muni customers
> are increasingly anxious about state and muni debt defaults, delayed
> and partial payments ,and payments in worthless IOUs. Such firms
> are facing and anticipate contending with major cash flow challenges:
> for them cash conservation via all means is the first priority; order
> backlogs from bad Govt. accounts mean nothing.
>
> These forces will both constrain investment and further impell layoffs
> by many firms, greatly prolonging the economic compression and further
> increasing unemployment. Recovery is not in sight because profits
> and predictability are not in sight. No profits----no jobs; no jobs-----no
> recovery.
> Small and medium business understand this perfectly. Our Govt either
> does not understand since the political bosses have never had to
> meet a real payroll running a real business or vaguely understand
> but see small and medium entrprises as obstacles to their collectivizing
> and controlling agenda.