The End of the Recession - Current Predictions

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This is a current article about how the recession may end - whether it is a 'V' or 'U' shaped recovery. We seem to rely on experts and their opinions but how can they know? Especially when the experts never seem to be correct in their predictions! I am not an expert but I do have opinions. This is my fourth recession. The previous three recessions were isolated to several industries i.e. energy and housing. This recession seems to have impacted industries throughout the economy.

I hear the experts tell us that our economy is based on 70% consumer spending. If we have record unemployment rates which in shear numbers should cause us all to pause. The percentage rate of unemployment should not be the gauge. Since the population has significantly increased since the 1981 recession, the total number of people out of work is dramatic. And the totals do not include those out of work and not on unemployment. .

So, if we read or hear the experts predictions, keep in mind that the economy will improve. It is a matter of when. I do believe it will be a 'U' shaped recovery and we are bouncing along the bottom. We are heading into the holiday season and as unemployment numbers remain high, I would expect retail sales to be far off from the expert predictions. Thus, the 70% of our economy will still not be rebounding.

With all of this in mind, it is time to position yourself and your company for the rebound. What are you doing to be ready and ride the wave of an upward trend? What are you doing professionally to improve your position in your industry, company, and/or profession?

Don't remain idle and paralyzed by opinions from experts. Be ready, the economy will improve. And when it does improve, history tells us that we will not be able to keep up with demand. Don't be caught napping - it is time to plan for the recovery!

Share your opinions and post your comments to this discussion. Remember, the "experts" only have opinions and the only difference is that they have a larger audience.