Maybe we need less doom and gloom from everyone. The sky is not falling!
According to Paul Wiseman of the Associated Press in an Article titled, US Revises up last quarter’s growth. The writer mentioned that regardless of high interest rates and high inflation that our economy grew 2.9% from July through September.
Woe is me, while it appears based on what we here from the media that the sky is falling, consumers continue to spend, companies continue to buy and deals for both are out there if you know how to shop.
In another article from Paul Hannon of the Wall Street Journal titled Eurozone Inflation Declines, but ECB Remains on Guard. This means that the rate of inflation during November was lower than expected by almost 6% at 10% versus 10.6% from the year earlier period.
While we all need to remain vigilant, there are some bright signs out there, like the FED suggesting the easing of rate increases going forward. Every area of the globe has its economic issues, and many are still calling for a mild recession. This author does not agree.
I do think we can all do better with our spending both personally and corporately, and this will help improve corporate earnings and allow companies to retain employees. Personally, it is not different. The savings from proper negotiations will reduce personal debt and the reliance on credit.
How do you go about this? If you don’t ask, you’ll never know. I watched a company today reduce the cost on a category the source by >24%. It’s possible.
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- Wall Street Journal, Paul Hannon
- Associated Press, Paul Wiseman