This graph summarizes the consumer pressures that are likely to dampen the U.S. economy long after the credit crisis and Wall Street gridlock is behind us. As the graph shows, median household income has been flat for years despite rising household spending and skyrocketing household debt.
In five earlier posts, I reviewed the evidence of economic [...]
Continue reading about Gauging Economic Climate Change: Wrap Up
If we stop and examine how businesses and organizations respond to a recession, there are five basic strategies beyond short-term steps to conserve cash. They can be used individually or in combination and the best choice is a function of market conditions, your current capabilities and resources, and your goals.
I’ll be discussing the what, when, [...]
