02/02: Preparing For The Second Wave
PREPARING FOR THE SECOND WAVE
The current economic meltdown has largely been attributed to decline of the housing market brought on by sub-prime lending, leading to foreclosures unprecedented since the great depression. As markets have continued to tumble, the downturn has revealed deeper more severe problems with the American economic system centered on poor management and simple greed. As with most economic recessions, the first to be effected are those at the bottom of the economic ladder who can least afford to lose their job, financially sustain through tough economic times and those on limited or fixed incomes. To-date of the more than 3 million jobs lost, most have been confined to low and middle income families, single parents, and those working in sectors of the economy providing basic lifestyle services and employer support. However, we have only seen the beginning of what is destine to happen over the next 12 to 18 months.
The continued meltdown of our country’s financial sector, coupled with major layoffs in the industrial and government sectors will mean a new round of layoffs and cutbacks as the economy continues to contract. As business failures accelerate the types and numbers of unemployed will rapidly creep into the neighborhoods of the upper middle class, executives in middle management and the so called financial elite. Already we are beginning to see the result of these cut backs in the financial, automotive and retail sectors, but most economists believe the worst is yet to come. Bank consolidation and failures, a depressed housing market, frozen credit markets and record foreclosures will lead to massive layoffs in multiple areas of the economy resulting in even more cuts. So, how are you preparing for the second wave?
Businesses and skilled professionals may want to revisit the practical benefits of organized trade and consider just how they can apply these methods for not only their current but future survival. In this climate of change, many of the old methods of doing business and maintaining a reasonable standard of life are again in vogue. Although the flow of currency drives our economy and is at the center of our capitalistic system, smart businesses and consumers are finding that maintaining the value of their product or service through barter within an organized trade exchange has meant the difference between closing their business and sustaining through these perilous times. A concerted effort on the part of small businesses to move surplus merchandise, or utilize excess labor and capacity through barter could be the lifeline your business needs! As we prepare for the “second wave” businesses should not overlook the prospects of bartering in lieu of spending cash as one means of navigating through these or any times.
The current economic meltdown has largely been attributed to decline of the housing market brought on by sub-prime lending, leading to foreclosures unprecedented since the great depression. As markets have continued to tumble, the downturn has revealed deeper more severe problems with the American economic system centered on poor management and simple greed. As with most economic recessions, the first to be effected are those at the bottom of the economic ladder who can least afford to lose their job, financially sustain through tough economic times and those on limited or fixed incomes. To-date of the more than 3 million jobs lost, most have been confined to low and middle income families, single parents, and those working in sectors of the economy providing basic lifestyle services and employer support. However, we have only seen the beginning of what is destine to happen over the next 12 to 18 months.
The continued meltdown of our country’s financial sector, coupled with major layoffs in the industrial and government sectors will mean a new round of layoffs and cutbacks as the economy continues to contract. As business failures accelerate the types and numbers of unemployed will rapidly creep into the neighborhoods of the upper middle class, executives in middle management and the so called financial elite. Already we are beginning to see the result of these cut backs in the financial, automotive and retail sectors, but most economists believe the worst is yet to come. Bank consolidation and failures, a depressed housing market, frozen credit markets and record foreclosures will lead to massive layoffs in multiple areas of the economy resulting in even more cuts. So, how are you preparing for the second wave?
Businesses and skilled professionals may want to revisit the practical benefits of organized trade and consider just how they can apply these methods for not only their current but future survival. In this climate of change, many of the old methods of doing business and maintaining a reasonable standard of life are again in vogue. Although the flow of currency drives our economy and is at the center of our capitalistic system, smart businesses and consumers are finding that maintaining the value of their product or service through barter within an organized trade exchange has meant the difference between closing their business and sustaining through these perilous times. A concerted effort on the part of small businesses to move surplus merchandise, or utilize excess labor and capacity through barter could be the lifeline your business needs! As we prepare for the “second wave” businesses should not overlook the prospects of bartering in lieu of spending cash as one means of navigating through these or any times.
rzcyfsRyE wrote: