According to recent news, the economy may be on an upswing. Here is a round-up of recent articles that lead us to believe that the economy is improving, or businesses are learning how to adapt to the changes in the new ecomoy, such as running on less to improve profit margins. We are seeing an increase in hiring in the greater Grand Rapids, MI area. This is always a good sign that things are getting better. Demand is increasing and more people are buying.
What do you think the economy is going to do in the next 3 - 6 months and into 2010? How badly does the Japan catastrophe affect us? A General Motors Co. news conference at a transmission plant in Toledo, Ohio, on Tuesday wasn’t just about announcing a $204 million investment that will save 250 jobs. GM Chairman Dan Akerson said in addition to the investment in the Toledo plant, the automaker in the coming months will invest $2 billion for upgrades at 17 factories that will create or preserve 4,000 U.S. jobs. (source)
Or...
Optimism is growing among the CFOs who believe the U.S. will see growth over the next six months. A survey of Midwestern U.S. CFOs and senior comptrollers conducted by Grant Thornton LLP, shows that 43% have a rosy outlook compared to 33% from a survey taken six months ago. (source)
Although this article does point out the rice in prices and infation may be the reason for profits soaring.
And....
When things were going well, it was said that the United States enjoyed a Goldilocks Economy. Growth was fast enough to produce jobs and higher incomes but not so fast as to generate inflation. In the same vein, it might be said that today we have an Oscar-the-Grouch Economy. Good news is discounted. Pessimism is trendy. Growth is considered too feeble to help real people. But there is some genuine good news -- and it deserves attention. (source)
Let us know what you think....are things improving? Are you hiring? Are you treading lightly with spending or going bananas while you have the cash?
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