Supply Chain Woes Continue
The U.S. economy grew at a sluggish 6.5% annual rate in the second quarter, and, according to the U.S. Department of Commerce, the GDP did not accelerate as expected either. The reason for the slowdown is being blamed on supply chain issues – product and labor shortages more specifically, according to a report in Transmission
What Recession?
Whenever we find ourselves in a recession we also find that not everyone is losing money on account of it. Some are actually making far more than they would in a normal economy. You are a good example of one who can profit from a long-term economic downturn.
A Dozen Rules for Prospering in a Recession
Welcome to “Recession 2008.” It’s been a long time coming, but now it’s here. Should we be happy or sad about it? I guess that depends on a number of factors, so let’s take a look at them.
First, some definitions:
Recession – When your neighbor loses his job
Depression – When you lose yours
2008: Will It Be Great, or Will It Be Too Late?
I have always believed that to be successful one must have a positive outlook on life. Whatever you do should be done with passion and excitement, and to the best of your ability. If you don’t enjoy what you are doing, it is time to make a change and get into something new. An old quote says, “If you love what you do, you will never work a day in your life.”
Where Do We Go From Here?
There is an old Chinese blessing that says, “May you live in interesting times.” As far as the auto-repair and automobile-manufacturing industries are concerned, these are very interesting times. The balance of this year and the next few years will bring about some profound changes in these interdependent industries.
