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If you haven’t already, adjust your expectations

By Geert De Lombaerde Posted on August 13, 2009 at 11:59 am

In a broad update of the economic picture, David Penn at MTSU’s Business & Economic Research Center says it does no good to look for big improvements in national or regional statistics. You’re only setting yourself up for sadness.

• Don’t make year-to-year comparisons (it is too depressing).
• Make comparisons with the previous month or previous quarter.
• Forget about ‘recovery’; settle for sustained improvement.

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One Responses to “If you haven’t already, adjust your expectations”

  1. myron_monk writes
    August 14th, 2009 5:34 am

    Love the spin the left are giving this disastrous “stimulus” from the Obama administration and Pelosheviks in Congress. Statistically, this recession would already be ending (April 2009), if not for the anti-business proposals (cap and tax and $1.2 trillion deficit!), and its ambitious lurch to the left (e.g. socialized medicine and the eventual bankrupting of the nation). As an entrepreneur, I can state unequivocally that my associates in business are more scared about the economy now than 3-4 months ago. Things are getting worse folks.

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