Times are tough, or are they?
Tightening of credit, loss of jobs or of fear of loss has brought manufacturing to a screeching halt. Durable goods have few orders coming in, which translates to the steel industry to have fewer or small orders which puts less need on iron producers etc. etc. etc.
So while this is all common knowledge it was a real eye opener to see some of the back numbers that are out there.
IN CFO magazine in a survey 81% of US and 85% of European and Asian respondents were pessimist about how the economy would perform in 2009
A durable goods report for Prevel Consulting noted that the auto industry’s current capacity utilization rate at 25% is a historic low.
So what is good?
In this same Prevel Consulting report it was stated that the housing industry has sold off nearly its entire excess inventory. Good news because that will stabilize the housing marketing prices and these buyers are being given mortgages with higher standards than before.
Staying on housing the US Commerce Department reported that privately owned housing starts were 22% higher in February than they had been in January, and in addition building permits were up 3%.
Put that together with low inventory levels and I can only see a rise in production. It has to. I’m thinking we will have bottomed out in June, others say August. Either way the end of this mess will come.
Larson Note: June, August, October it is not a matter of if, it is when. If you put it in your head to get yourself and your business up and moving now not only will you be ahead of the curve, but you will shorten the recession for if not the world or nation but at least for yourself. We all have a micro-business economy in which we work in. We might be pushed and prodded buy the outside world but it does not have to put restrains or controls on our mind set to make things work.
Howard Larson
Larson & Associates
Target Marketing & Telesales Professionals for new account acquisition
Making good businesses great and great businesses even better
847-991-0488
howard@larsonassociates.ws
http://www.larsonassociates.ws
http://larsonassociates.blogspot.com
http://member.merchantcircle.com/larsonassociates
http://businesswarfare.ning.com/profile/HowardLarson
http://teamcircle.ning.com/profile/HowardLarson
https://twitter.com/LarsonAssociate
P.S. Want more Larson? Register to receive our monthly newsletter at larsonassoc1980@yahoo.com.
P.P.S. We are offering 2 free ½ hour consultations for marketing your business. Call or email to get your spot to pick my brain for 30 minutes today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment