Barring a disaster such as a war or an earthquake, it is possible that the economy has pretty much hit the bottom and won’t get worse, if anything it will begin to crawl back.
But if this is the case, we’ll be seeing the domino effect for the next several months with stores closing and businesses shuttering. Hard to fathom, but many companies just concluded the “best part” of their year and if they don’t have much to show for it, they just may pack it in. It’ll seem like things are getting worse, when in reality, we’re just seeing the reaction to what has already happened.
Tuesday, January 13, 2009
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