Currently, here in 2008 the United States is in somewhat of an economic pickle. Yes, economists call this a recession and that means the money flows are stretched thin. For instance slow or no business growth means lay-offs, lower profits for corporation and less tax revenue governments. What does this all mean to the direction of citizens, businesses and government? It means it's time to consolidate in 2008.
When the economy gets tough corporations will consolidate their business units and consider mergers with their competitive rivals. Some will move to buyout their major vendors. We see this happening now in many sectors of our economy, especially those companies that are involved in industries that use lots of fuel, like the airlines or those corporations whose products and services are tied to the cost of fuel, like the automotive sector.
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Families must also consolidate their purchases and budgets when they are in tough financial times. Have you noticed members of your family consolidating their trips to the store, post office, school or errands? Sure they are they want to save on fuel, who wouldn't
Individuals need to consolidate their debt and expenses when their incomes end or drop, or when their budgets are stretched to their breaking points. Consolidation is the key to seeing yourself through tough times. Maybe this is why recently one Think Tank called 2008 the year to consolidate. Indeed, it is just that, whether you are an individual, family, company, corporation or even a government agency. It is definitely that time, time to consolidate in 2008.
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