The terms “inflation” and “deflation” are regularly bantered about. People express fear that one or the other will return to wreak havoc.
Do you understand what these are, really? The elements that give rise to each? How each would impact you or your business?
The “4-Week Avg. U.S. Net Imports of Crude Oil” graph shows the U.S. has recently become a net exporter of petroleum products. Such has generated a lot of publicity and surprise of late, but one must keep in mind that this is NOT crude oil. As the “4-Week Avg. U.S. Net Imports of Petroleum Products” [...]
Talk shows have no shortage of folks pointing the finger. You’ve heard them. They say it’s government regulation. Taxes. Obama. Banks won’t lend.
Few of the pundits are small business owners. But the National Federation of Independent Business (NFIB) – the national, non-profit organization representing small and independent U.S. business – polls small business owners each week. One question in each survey asks, “What’s the biggest problem you face today?”
On February 3, 1959, a small plane crashed near Clear Lake, Iowa, killing three American rock-and-roll pioneers on board: Buddy Holly, Ritchie Valens, and J. P. “The Big Bopper” Richardson. It became known as “the day the music died.”
On September 15, 2008, the U.S. Treasury and Federal Reserve chose not to rescue Lehman Brothers, which was crumbling under a mountain of toxic mortgages and mortgage-backed securities. Lehman filed the largest bankruptcy in U.S. history. The Great Recession ensued, and this day has become known by some as “the day the economy died.”
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