General

I’m not an economist, let me say that upfront. But I do watch people, like most of us. And that’s what this blog is about – what people will do and how that could affect the economy. The more economists say that there’s a recession coming, the more worried we’ll all be. And the more worried we are, the more risk-averse we will be, the less decisions we’ll make, the less new initiatives will roll out, the less stuff will get bought. On the supply side, companies will make less money, so banks will tighten credit, there’ll be less money circulating and the GDP will decline. And so, we’ll ring in the recession all together, like it or not. All that’s well and good, you’re thinking, but what can I do to make things better? Well, let’s look at two “fundamentals”: – Are you as a person making enough money to pay your bills and then (even a little) some? If so, you’re going to be OK in the short term. If not, cut out that shiny new phone you wanted to buy. And focus on those new skills you wanted to develop. Whether you’re thinking transferable skills or company-specific, […]