Posts Tagged ‘Trough’

18 Month US Economic Forecast

September 6, 2008

With the upcoming election cycle in full swing, I have begun contemplating what the US economy will be doing for the next 18 months.

I think oil will retrace to $70 to $90 a barrel over the next six months while the US economy stalls and troughs.

By the end of the first of quarter 2009, we’ll see the economy restart its engine, but it will be 2010 before it begins moving forward again.

US Economic Forecast

US Economic Forecast

Regardless of how accurate my predictions are, I think most every US citizen will agree the overall economy is not like it was one year or two years ago.

At a minimum, both businesses and consumers alike are paying more and getting less.

My question is: How can you best apply your time, energy and resources to make your business more prosperous and profitable while the majority of your market and competitors are more or less spinning their wheels?