Bob’s doom and gloom
Bob has recently been talking about how things aren’t improving like some people are saying. He’s also talked about being careful about a correction or downturn. Frankly, I don’t know how it can get much worse..from a business standpoint. One of my businesses is a retail business and it is just in the pits right now. Granted, it is a big ticket item and big ticket items aren’t selling. But, as bad as the stock market got earlier this year, my business was never as slow as it is right now. We are in a great position as we don’t have inventory and can withstand almost anything. But the keyword is ALMOST. I cannot imagine what my competitors are doing with all the inventory and overhead issues. Yesterday, I spoke with an industry veteran and he said people are just trying to hang on.
Also, we can only withstand so long. We can’t continue to just hold on, use savings, and survive. There’s got to be a point where the 90% of us who still have jobs decide to start living our lives again. Let’s hope its soon.
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