"Any thoughts about how this negative business atmosphere emerging in the horizon can be dealt with?
I'm finding it a doom and gloom outlook... (despite the "hype of hope" for the masses)"
Soooo, what was your goal in starting this thread?
To get folks to agree/disagree with the above?
I personally disagree with a blanket statement of the above for the future. "negative business atmosphere emerging in the horizon " The present negative business atmosphere, (and the near future) is largely a function of the housing/credit crunch- brought on by a large scale conspiracy of willing conspiritors and victims- Home builders with houses and not enoug buyers in 2004/5, overly creative mortgage brokers, lax oversight agencies, overly optimistic home owner buyers, and a general attitude that the good times would never end.
in 1997/8/9 all computer buyers were told that the Y2k bug would bite everyone unless they all bought new h/w and s/w. so they did. then in 2000 and 01 no one needed any new computers, everyone had one, since the y2k bug turned all future customers into early customers, and NO customers in 2000 and 2001, so computer sales crashed.
Similar thing happened to housing, starting in 2004. Not enough buyers for new homes, creative loans turned non-home buyers, (rentors) into buyers. More and more loan creativity, ARM's, then zero down, then negative amoritization loans, then zero documentation loans.
When the loans recalibrated or home buyers hit hard times, some buyers went belly-up. Too many bellyups and home prices quit going up. Then the "home owners ATM machine" - or house as some call them, quit putting cash into homeowners hands for refinancing the increased value. And no new buyers because they had already tried to buy a house before they had a decent job, downpayment and the income to support a normal mortgage.
So our housing inflation and credit oriented cunsumer based economy stuttered.
Time to sober up and get thru the hangover, change our ways. Admit we are Debt-aholics and get straight, or we are doomed to repeat this over and over again.
Not a negative business environment, Its a "get real" envirnonment. Most Good businesses will do OK. if they get real.
Chain Drive Advocate