In my last column I made the declaration that if just we might neglect Europe, worldwide financial worries would not be so threatening considering that there were indicators the U.S. economic slowdown had actually bottomed and a nascent healing might be underway.
We've now gotten more evidence of the latter. The most apparent was Thursday's report that the U.S. economy grew 2.5% in the 3rd quarter, a significant improvement over the tepid growth of just 1.3% in the 2nd quarter, and at least briefly reversing the pattern toward economic crisis. New home sales even surprised by increasing 5.7% in September, while the inventory of unsold new houses was up to a 6.2 month supply at existing sales levels, the lowest level given that April, 2010. Retail sales were up 1.1% in September, the greatest boost since February. New housing begins leapt 15% in September to a 17-month high. The Fed's Philadelphia Production Index leapt to plus 8.7 in October from minus 17.5 in September, much better than economic experts' forecasts.
Yes, I endorse the "live and let live" design. It cracks me up when I hear all these so called stand right people who "love" private liberty turn right around and start shrieking how we ought to believe, pray and like.
So the question on most residents' minds today has to be will this recent market swoon end as severely as it did 10 months earlier? You have a right website to be concerned. You have to look at it objectively, however, if you're investing for the long term. Now that the credit crisis has actually sorted out the great from the bad, there are lots of companies across all economic sectors that have actually demonstrated sound fundamental values with resistant business designs. Why would recently modification that?
The years of 'Twenties' likewise introduced a brand-new instrument called Margin Money. It merely implied that people might buy stocks with 10 to 20% of their money and might borrow 80 to 90% of the expense of the stock from the broker.
However it wasn't all good news. The report on customer confidence was a surprise. The Conference Board reported that its Customer Confidence Index plunged in October to 39.8 from the currently miserable 46.4 reading in September.
4) Practice excellence. Those of you who understand me know how huge I am on practicing excellence. Keep in mind, if you're using bad sales methods including weak openings, not qualifying potential customers, and so on, then you'll have no possibility regardless what is happening in the economy.
For example, if you have a business that offers products connecting to the kitchen area then why not assembled a video guide such as "How to bake bread". This will bring in a bigger variety of visitors to your pages who then can be transformed into paying clients.