"I see a bad moon a-rising.
I see trouble on the way.
I see earth quakes and lightnin'.
I see bad times today..."
Their gloomy song might be apt in describing the raft of increasing bits of uncertain scenarios, bad economic conditions and strange occurrences happening all around, for anyone with eyes to see and ears to hear...
CBS News reports...
"Americans overwhelmingly cite the economy and jobs as their top concern, with 53 percent identifying it as the most important issue facing the economy. (The second place issue, the budget deficit, was cited by just 7 percent.) But just 15 percent say Washington is paying a lot of attention to improving the economy. Forty-five percent say the federal government is paying little-to-no attention to the economy."
CNN contributor Will Cain wrote this today:
"Essentially this means that every neighbor of yours is sitting on a pile of debt (most likely living in it -- in an upside down house) and can't spend. In turn, banks are sitting on portfolios of bad debt -- potential defaults -- and hoarding cash. In turn again, businesses have no interest in hiring, investing or spending in a world of uncertain buyers. There's your economic recession ... stagnation ... potential depression ... right there."
VentureBeat offers up...
"Sorry to rain on your parade, but this will only take a minute. A new report surveying leaders of technology companies indicates the U.S. economic recovery is two years away, instead of previous forecasts that it will happen in 2012."
The Associated Press reported...
"Following a string of bad economic news, consumer confidence fell to a seven-month low in June on continuing worries about high unemployment and stagnating wages, according to a report Tuesday by a private research group."
Oof! That's a boatload of bad indicators to take into the weekend where we celebrate our country's independence. As you barbecue this weekend and watch fireworks, try this: spend a minute or two with friends and come up with ideas to make our economy a dollar stronger, a little smarter and a bit more optimistic. Let's swing this negative tide the other way and get a groundswell of momentum happening to lift us up and over this tsunami.
Happy Independence Day!
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