In reviewing recent articles, I see both sides of the coin, the good and the bad. From a story predicting another banking crisis in 2012, this one worse than the one we have now, to how to survive the next depression (wait, there’s a depression coming?), I think we’ve had months of “predictive journalism” where anyone and everyone under the sun who can blog, report and/or write is offering their two cents worth on what might happen.
To me, it’s all about restoring consumer confidence. People WILL NOT spend the big bucks unless they know they will continue to have their jobs, their benefits and their homes. Or, there simply is too good a deal to pass up (be careful retailers, once you offer something so good, people will wait until you go that route again before they buy). Until that happens, in my opinion we will continue to have trickles of “recovery,” followed by news that jobless claims rise or housing starts fall flat or decline. One step forward, one or two steps back.
Meanwhile, check out some of the articles for yourself:
“The Stimulus is…. working?”: http://blogs.moneycentral.msn.com/topstocks/archive/2009/09/02/the-stimulus-is-working.aspx
“How to survive the next depression”: http://articles.moneycentral.msn.com/CollegeAndFamily/RaiseKids/how-to-survive-the-next-depression.aspx
