Since it’s a long holiday weekend, I’m posting my week in review today rather than the usual Friday. I hope you all have a chance to enjoy a lot of good family times, some good weather, some good fireworks and LOTS of good food!
How to best summarize this week? Let’s put it this way, I could go on and on and on about the different economic reports that came out. Car sales, employment numbers, stock prices, oil prices, bank stock values, earnings (or a lack of), writedowns, the list could go on and on and so would the length of this post!
Instead of doing that, I’m going to point you back to an update I wrote on June 11 that talks about the “battle” that is waging in the markets. How’s the best way to say it?
A couple of weeks ago, the inflation fears were winning.
Now the credit fears and economic fears are winning the battle, quite decisively.
Have a good weekend!
Tom
DJ Swanepoel says:
The market at the moment seems very dismal, but I think the most important thing is not to lose hope, but figure out alternate ways of getting around those fears.
July 3, 2008 — 1:01 pm
Chris Johnson says:
The market impacts individuals 20-30%. 70-80% of your production is within your control.
July 5, 2008 — 7:57 am
Tom Vanderwell says:
Chris – I couldn’t agree more. That’s why my business is up from last year even though the market is down.
Good point!
Tom
July 5, 2008 — 8:21 am