I predicted that following the U.S. mid-term elections earlier this month, that business would pick up some in some industries. That turned out to be correct.
The other part of my prediction is that the real economic recovery will actually begin after the New Year’s.
We already see signs of this. The fact is that the recovery will be led by companies being willing to invest in business expansion activities such as new marketing, hiring and infrastructure. We have been seeing clear signs of that – halting, tentative but clear – over the last couple of weeks.
The caution is that this is going to be slow and spotty for quite a while. Don’t expect the economy as a whole to really start humming for a couple of years.
But for many things are going to start getting quite a bit rosier, if I’m right.
One specific caution. The U.S. dollar is being deflated – meaning all imports will become more expensive and less competitive. Likewise U.S. exports will be more competitive overseas.
So factor that into account if there is any international aspect to your business.