Ecomic down turn might not be such a bad thing
August 17, 2008
With the US economy rebounding, a lot of the major retailers are predicting that feudal buying by consumers will continue into the later half of 2009.
I think that when there is an economic down turn, people start to be careful with their expenses and this becomes a habit that continues into better times.
Economic down turn might not be such a bad thing after all, eh?
Rising grocery prices
August 3, 2008
We came back from Tesco yesterday with our weekly groceries, with a $80 bill. We were quite surprised because a few months back, we would have got the same stuff for around $60.
The rising oil prices, the global credit crunch and the inflation make for a difficult time ahead. Even though the oil price has drpped down slightly compared to a few weeks ago, prices are still on the rise for groceries and food items.
In terms of small businesses, now is the time to be careful. Consumers are fairly tight with their purses and especially for service based industries such as design and software development, projects are hard to come by.
